$450,000

Extra-large three-family house in New Haven's sought-after Prospect Hill area. It is only one block from Albertus Magnus College and within walking distance of Yale Campus and the center of New Haven, with its abundant culture of museums, libraries, restaurants, cafes, theaters, and art centers. This property can propel a new or seasoned investor to gain entry into the post-graduate student rental industry. The property itself has all separate utilities and two newer, and one new, gas furnace.Within the last few years, the kitchens and baths were redone with new cabinetry, bath fixtures/plumbing, and ceramic tile. Each tenant has their own separate washer and dryer room/hookups inside their main living space. The rooms are spacious, and each unit can be rented as a three or four-bedroom apartment. The first two units have wood floors and tile, while the third floor is also easy to maintain with ceramic tile and laminate floors. The overall gross building is a massive 6,086 sq ft (approximately 4,000 sq ft of livable space). At a fair market price of $450,000, this property provides someone with a rare opportunity to obtain a valued and lucrative asset that can potentially increase year after year.