Detail Description
Discover a significant investor special in New Haven's thriving Fair Haven neighborhood. This two-family property, while fire-damaged, remains structurally sound, presenting serious upside potential for the discerning buyer ready for a full rehabilitation.
Each unit in this asset offers a consistent layout with two bedrooms, one bathroom, a living room, and a kitchen. The property is enhanced by double gates on both sides and an oversized detached garage, adding value and utility. This home is sold as-is and requires a full rehab, inviting contractors and visionary investors to unlock its full potential.
Its location is highly desirable, just a short stroll from Quinnipiac River Park and Jocelyn Square Park, offering easy access to a vibrant array of local restaurants, shops, and markets. Connectivity is effortless, with minutes-long proximity to bus lines, I-91, I-95, and the New Haven train station. The property is also conveniently close to the heart of Wooster Square and its iconic dining options.
Once renovated, this property promises strong potential cash flow, with market rents for 2-bedroom units in the area ranging from $1,600-$1,750/month. This is a quintessential value-add opportunity in one of New Haven's growing neighborhoods, ideal for investors focused on long-term equity and robust rental income in a prime urban location.