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91 Spring St

3 Unit Apartment Building Offered at £299,414 in New Haven, CT 06519

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Executive Summary

This 3-unit multifamily investment presents a strategic opportunity for investors looking to unlock significant value. With two 2-bedroom units and one 3-bedroom unit, and tenant-paid utilities, the property offers immediate potential for equity growth. Two vacant units provide a chance for targeted renovations, allowing investors to enhance the property and bring rents to market levels. Recent closed comparables, such as 64 Spring St at $425k, 18 Dewitt St at $485k, and 246 Columbus Ave at $510k, indicate a $46k-$131k value gap, making this asset an attractive investment with substantial upside.

Property Facts

Price	£299,414	Lot Size	0.05 AC
Price Per Unit	£99,805	Building Size	2,530 SF
Sale Type	Investment	Number of Floors	3
No. Units	3	Year Built	1900
Property Type	Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£299,414
Price Per Unit	£99,805
Sale Type	Investment
No. Units	3
Property Type	Residential
Lot Size	0.05 AC
Building Size	2,530 SF
Number of Floors	3
Year Built	1900
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.