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225 Fulton Terrace
New Haven, CT 06512
Asking Price
$400K
Asset Type
Multifamily
Class
Class B
What's Special
2-Family | East Shore <ul><li>2-Family Investment Property in New Haven's Desirable East Shore Neighborhood</li><li>2 Units | 2 Beds / 1 Bath Each | 2,080 SF Total</li><li>Current Gross Income: $3,250/mo | Unit 1 Leased at $1,650 | Unit 2 Vacant at $1,600 (Upside)</li><li>Separate Utilities – Minimizes Landlord Expenses</li><li>Off-Street Parking & Backyard – Added Tenant Appeal</li><li>Annual Property Taxes: $4,884 | Zoning: IH</li><li>Year Built: 1910 | Lot: 0.09 Acres | Partial Unfinished Basement</li><li>
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NOI
$80,000
Cap Rate
20.01%
DSCR
3.37
Strong
Cash-on-Cash
46.89%
Monthly Payment
$1,978.487
Annual Cash Flow
$56,258.156
