2 Terrace Street, New Haven, CT 06512 - Photo 1

1/1

$600,000

Sold
Closed
Commercial

1/1

Property Description

Incredible opportunity to purchase an established investment in excellent condition. Great rental stream. All separate utilities. Built in 1985. Great off street parking. 2 three bedroom units and 3 2bedroom units. All town houses. All long term tenants, lease in place. Lots of upside on the rental income since rents are below market at this time.

Full Property Details

Full Property Details for 2 Terrace St

General

Sold For: $600,000
Taxes: $13,523 (July 2022-June 2023)
Status: Closed
Type: Commercial
Source: SMARTMLS
MLS ID: 170499859
Added to Site: 1, 316 day(s) ago

Business

Business Type: Investment

Parking

Parking: Unassigned Parking
Garage Description: Unassigned Parking

Location

County: New Haven
Driving Directions: main st to terrace street
Location Details: Suburban

Heating & Cooling

Cooling Type: None
Heating Type: Hot Water, Natural Gas, Oil
Heating Fuel: Natural Gas, Oil

Utilities

Sewer: Public Sewer Connected
Water: Public Water Connected
Utility Description: Electric, Gas, Telephone, Cable
Onsite: Electric, Gas, Telephone, Cable

Structural Information

Exterior Const.: Frame
Roof: Asphalt Shingle
Square Feet: 4,209
Sq. Ft. Source: Public Records
Current Bldg. Use: multi family
Year Built: 1985

Unit Information

# Tenants: 5

Unit 1

Unit Description: 3 Bedrooms
Total Bathrooms: 4
Partial Bathrooms: 2

Unit 2

Unit Description: 2 Bedrooms
Total Bathrooms: 4
Partial Bathrooms: 2

Unit 3

Unit Description: 2 Bedrooms
Total Bathrooms: 3
Partial Bathrooms: 1

Lot Features

Lot Size (Acres): 0.36
Frontage: Paved Road
Street/Road Desc.: Paved Road
Present Use: multi family
Zoning: RM1
Lot Description: Dry, Level Lot

Financial Considerations

Assessment Amount: $340,200
Tax Amount: $13,523
Tax Year: July 2022-June 2023

Disclosures and Reports

Documents Avail.: Zoning Approval
Property ID: 1237308

Listed and Sold by William Raveis Real Estate, Vincent Engingro

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Listing agent

— 2 Terrace St —

Vincent Engingro

William Raveis Real Estate

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Schools

Schools serving 2 Terrace St

School District:New Haven School District

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2 Terrace St

Date

Details

Price

Change

Source

1/30/2023

Sold

$600,000

-20.53%

MLS

12/03/2022

Price Reduced

$755,000

-16.1%

MLS

7/05/2022

Price Reduced

$899,900

-5.26%

MLS

6/13/2022

Listed

$949,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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2 Terrace Street, New Haven, CT 06512 (MLS# 170499859) is a Commercial property that was sold at $600,000 on January 30, 2023. Want to learn more about 2 Terrace Street? Do you have questions about finding other Commercial real estate for sale in New Haven? You can browse all New Haven real estate or contact a Coldwell Banker agent to request more information.

2 Terrace St New Haven, CT 06512