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Presented by Mary Vi Homes Connecticut
ViBergman, LLC
Licensed in CT as ViBergman, LLC Real Estate Connecticut

116 Old Foxon, East Haven, CT

$899,000

7 bedrooms6 full bathrooms2,784 square feet
T. 860-662-6493 text | call
Hello@MaryViHomes.com
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116 Old Foxon, East Haven, CT

Overview

A 6-unit multifamily offering strong in-place income plus immediate upside through lease-up. Current rents: Unit 1-$1,300, Unit 2-$1,550, Unit 3-$1,300, Unit 6-$1,375; Units 4 (1BR) and 5 (2BR) are empty. In-place gross: $5,525/mo with pro-forma potential up to ~$8,925/mo (market rent: Unit 4-$1,550 and Unit 5-$1,850). Located in a Class A neighborhood in the desirable Foxon area, close to I-95 & Route 1, shopping, dining, and minutes to downtown New Haven/Yale and East Haven beaches/parks. With lease-up alone, this can be positioned to achieve an 8-cap, making it an ideal value-add play with strong long-term fundamentals.

Property Details

MLS Number 24155329
List Price 899000
Status Active
Property Type Multi-Family For Sale
Property Sub Type 5 Family+
Beds Total 7
Baths Full 6
Baths Half 0
Total Rooms 25
Acres 0.34
Year Built 1920
Living Area SQFT Per Public Record 2784
Garage & Parking Parking Lot,Driveway
Style Units on different Floors,Units are Side-by-Side
Basement Description Partial,Partially Finished
Fireplaces Total 0
Heat Type Hot Air
Heat Fuel Type Natural Gas
Cooling System None
Water Source Public Water Connected
Sewage System Public Sewer Connected
Direct Waterfront YN 0
Waterfront Description Not Applicable
Days on Market 243
T. 860-662-6493 text | call
Hello@MaryViHomes.com
Mary Vi crest
116 Old Foxon, East Haven, CT

If you are interested in this property or would like to learn more, please contact Mary Vi Homes Connecticut at Hello@MaryViHomes.com or by calling 860-662-6493.