THIS IS THE CAP RATE YOU HAVE BEEN LOOKING FOR, WITH ROOM TO GROW!! This unique EAST ROCK 3 FAMILY + 4 CAR GARAGE comes in at a rare 7.36 cap rate and has been fully renovated down to the studs. Great investment opportunity & perfect for the owner occupier. This building is fully leased with 11 bedrooms & 5 baths - each unit features high ceilings, granite counters, SS appliances, w/d & central air. Huge unfinished basement with potential for storage units or expand the first floor unit for even more square footage. Plenty of off street parking - 4 car garage & 4 off street parking spaces. The back stairs, deck & fire escape have been newly built. Separate utilities. Updated electric, heating & cooling. Located in the most happening area in East Rock; steps from East Rock Brewery, mActivity, The District, countless restaurants, farmers markets & dog parks! Call today to make this great opportunity yours!
Off market
Zestimate®
$1,125,200
54 Mechanic St, New Haven, CT 06511
11beds
3,875sqft
MultiFamily
Built in 1910
-- sqft lot
$1,125,200 Zestimate®
$290/sqft
$4,074 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced air, Gas
Cooling
- Central
Appliances
- Included: Washer
- Laundry: Washer/Dryer All Units, w/d in each unit
Features
- Basement: Unfinished
Interior area
- Total interior livable area: 3,875 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage - Detached
Features
- Patio & porch: Porch
- Exterior features: Vinyl
- Has view: Yes
- View description: City
- Waterfront features: Not Applicable
Lot
- Size: 6,272 sqft
Details
- Parcel number: NHVNM198B0416L03300
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 3updown - Unit(s) per Floor
Materials
- Roof: Asphalt
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public Water Connected
Community & neighborhood
Community
- Community features: Fitness Center
Location
- Region: New Haven
HOA & financial
Other financial information
- Total actual rent: 849000
Other
Other facts
- ViewYN: true
- Sewer: Public Sewer
- Heating: Forced Air, Natural Gas
- Roof: Asphalt
- GarageYN: true
- AssociationYN: 0
- HeatingYN: true
- CoolingYN: true
- Basement: Full, Interior Entry, Storage Space, Full With Hatchway
- CommunityFeatures: Tennis Court(s), Fitness Center, Park, Walk to Bus Lines, Public Transportation, Public Rec Facilities, Commuter Bus
- NumberOfUnitsTotal: 3
- ConstructionMaterials: Frame, Vinyl Siding
- NumberOfUnitsInCommunity: 3
- FoundationDetails: Stone, Concrete
- Zoning: RM2
- Cooling: Central Air
- PatioAndPorchFeatures: Porch
- ParkingFeatures: Off Street, Detached Garage, Parking Lot
- ExteriorFeatures: Lighting
- YearBuiltSource: Public Records
- WaterSource: Public Water Connected
- WaterfrontFeatures: Not Applicable
- View: City Views
- TotalActualRent: 849000.00
- ArchitecturalStyle: 3updown - Unit(s) per Floor
- LaundryFeatures: Washer/Dryer All Units, w/d in each unit
- MlsStatus: Show
- GrossIncome: 84480
- NetOperatingIncome: 60754
- OperatingExpense: 26701
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$1,125,200
2% more+$22,504
With Zillow Showcase(estimated)$1,147,704