163 CHAPEL ST

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163 CHAPEL ST

NEW HAVEN, CT 06513
Asking Price
$900K
Cap Rate
7.2%
Asset Type
Multifamily
Class
Class B

What's Special

Fully renovated 5-unit multifamily property located in the Fair Haven neighborhood on Chapel Street, <p>Value-add multifamily opportunity in Fair Haven, just minutes from Downtown New Haven. The property features renovated units with modern finishes and updated mechanicals, offering a low-maintenance, turnkey investment. <strong>All units are currently leased on a month-to-month basis</strong>, providing flexibility for rent increases.</p><p>Current rents is <strong>$5,400/month</strong> with one vacancy, and has the potential to reach <strong>$9,700/month</strong>, representing <strong>$4,300/

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NOI
$80,000
Cap Rate
8.89%
DSCR
1.50
Strong
Cash-on-Cash
9.84%
Monthly Payment
$4,452.709
Annual Cash Flow
$26,567.493

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