Investing in multi-unit residential properties indeed presents a unique opportunity for portfolio diversification and wealth generation. The immediate cash flow from rental income provides a steady stream of revenue, which can be particularly attractive during periods of market volatility. Additionally, the potential for asset appreciation over time can result in significant capital gains. The varying unit sizes in a two-unit building allow for flexibility in tenant demographics, which can lead to lower vacancy rates and a broader appeal in the rental market. Strategic updates and regular maintenance not only preserve but can enhance the property's value, making it an attractive proposition for both current income and future resale. It's a tangible asset that, with proper management, can yield substantial returns while providing housing solutions-a fundamental need in any community.
Sold for $450,000 on 06/26/24
$450,000
377 Peck Street, New Haven, CT 06513
5beds
2,128sqft
Multi Family
Built in 1997
-- sqft lot
$4,824,800 Zestimate®
$211/sqft
$2,219 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 01, 2024 at 02:30am
Listed by:
James Montanaro 203-530-5339,
Coldwell Banker Realty 203-795-6000,
Nick Mastrangelo 203-641-2100,
Coldwell Banker Realty
Bought with:
Santiago Jaraba Chacon, REB.0795615
eRealty Advisors, Inc.
Co-Buyer Agent: Christopher Cruz
eRealty Advisors, Inc.
Source: Smart MLS,MLS#: 24010226
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Hot Water, Natural Gas, Oil
Cooling
- None
Appliances
- Included: Water Heater
- Laundry: In Basement
Features
- Basement: Full
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 2,128
- Total interior livable area: 2,128 sqft
- Finished area above ground: 2,128
Property
Parking
- Parking features: None
Lot
- Size: 6,098 sqft
- Features: Level
Details
- Parcel number: 1243996
- Zoning: IH
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units are Side-by-Side
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: New Haven
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$4,824,800
2% more+$96,496
With Zillow Showcase(estimated)$4,921,296