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Circular and Gorham Avenue, Hamden, CT 06514
$3,400,000
Circular and Gorham Avenue, Hamden, CT 06514View this property at Circular and Gorham Avenue, Hamden, CT 06514
Circular and Gorham AvenueHamdenCT06514
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Property Description
A prime real estate opportunity encompassing two properties, 70 Circular Ave and 11 Gorham Ave, featuring a total of 28 units. The buildings boast timeless masonry construction and offer a generous mix of well-appointed 1-bedroom, 2-bedrooms, and 3 bedrooms units with many having undergone recent updates. With rents that are slightly below market averages, new ownership can take advantage of this value add opportunity and capitalize on a lease up strategy. Situated in the vibrant community of Hamden, CT, these properties are strategically located in a working class/commuter-oriented neighborhood. The area provides residents with easy and convenient access to downtown New Haven, enhancing the overall appeal of the investment. Notably, the region is already experiencing the initial stages of gentrification, signifying a positive trend in property value appreciation.
Full Property Details
Full Property Details for Circular and Gorham Ave
General
- Price: $3,400,000
- Taxes: (July 2023-June 2024)
- Status: Active
- Type: Commercial
- MLS ID: 24020054
- Updated: 5/23/2024
- Added to Site: 24 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Parking
- Uncovered Spaces: 12
- Total Spaces: 12
- Parking: Paved, Off Street Parking
Location
- County: New Haven
- Driving Directions: GPS
Heating & Cooling
- Cooling Type: Window Unit
- Heating Type: Gas on Gas
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric, Gas, Cable
Structural Information
- Roof: EPDM Synthetic Rubber
- Square Feet: 25,201
- Sq. Ft. Source: Public Records
- Year Built: 1920
Unit Information
- # Tenants: 27
Unit 1
- Unit Description: 1 Bedroom
- Total Bathrooms: 1
Unit 2
- Unit Description: 2 Bedrooms
- Total Bathrooms: 1
Unit 3
- Unit Description: 3 Bedrooms
- Total Bathrooms: 1
Lot Features
- Frontage: Municipal Street
- Zoning: T4
- Lot Description: Corner Lot
Financial Considerations
- Assessment Amount: $1,343,650
- Tax Year: July 2023-June 2024
Disclosures and Reports
- Documents Avail.: Brochure
- Property ID: 999999999
Listed by Vanguard Private Client Grp, Andrew Stein
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Price & Sales History for Circular and Gorham Ave
Date
Details
Price
Change
Source
5/23/2024
Listed
$3,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for Circular and Gorham Ave
Circular and Gorham Avenue, Hamden, CT 06514 (MLS# 24020054) is a Commercial property. Circular and Gorham Avenue is currently listed for $3,400,000 and was received on May 23, 2024. Want to learn more about Circular and Gorham Avenue? Do you have questions about finding other Commercial real estate for sale in Hamden? You can browse all Hamden real estate or contact a Coldwell Banker agent to request more information.