Detail Description
Welcome to 115 Hungerford Street, a meticulously maintained three-unit brick multifamily property that presents an outstanding opportunity for both owner-occupants and investors. Built around 1900, this classic residence offers the enduring appeal of historic character combined with robust investment fundamentals.
Spanning nearly 3,900 square feet, this building features eight spacious bedrooms and three full bathrooms. You'll find thoughtful preservation of original details alongside smart, modern updates throughout. Each unit boasts classic hardwood flooring in the living areas and bedrooms, complemented by durable ceramic tile or contemporary finishes in the kitchens and bathrooms. The generous eat-in kitchens are equipped with ample cabinet storage, natural gas for cooking, and charming touches like original tin ceilings in one unit, adding to its unique appeal.
The building's versatile layout is designed for maximum rental income, featuring a comfortable 2-bedroom unit on the first floor and two expansive 3-bedroom units on the second and third floors. Financial efficiency is a key benefit, as tenants are responsible for their own utilities, supported by an owner-paid house meter for electricity, ensuring consistent and low-maintenance cash flow.
Exterior amenities include a freshly paved, dedicated driveway providing convenient off-street parking, and inviting rear porches that offer valuable outdoor space for tenants. In today's strong rental market, 3-bedroom units in this area average approximately $1,887/month, while 2-bedroom units average around $1,700/month, underscoring the significant income potential of this asset.
Seize this exceptional opportunity to acquire a piece of New Haven's historic fabric, offering compelling investment prospects and a solid foundation for long-term growth.