Property Description
225 Winthrop Avenue located in the Dwight neighborhood of New Haven, CT. This property is fully occupied and generates $50,400 in current gross income, providing an in-place NOI of $26,901. Rent increases to $2,000 per (3) bedroom unit will boost performance marking a 7.38% CAP rate proforma. At a 75% LTV entry, these assets facilitate a 1.06 DSCR. 80% LTV options are available for qualified borrowers. This property features all (3) bedroom units, tenant-paid utilities, public water/sewer, in unit washer/dryer hookups, and a low operating expense profile. This is a stabilized asset providing strong upside with lease up to market rents.
Features
- Heating System:
- Hot Air
- Cooling System:
- Window Unit
- Basement:
- Full
- Foundation Type:
- Stone
- Heat Fuel Type:
- Natural Gas
- Exterior Siding:
- Shingle
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 0
- Hot Water Description:
- Natural Gas, Tank Size Unknown
- Lot Description:
- Level Lot
- Water Source:
- Public Water Connected
Address Map
- Street:
- Winthrop
- Street Number:
- 225
- Floor Number:
- 0
- Longitude:
- W73° 3′ 8.1”
- Latitude:
- N41° 18′ 31.8”
MLS Addon
- Office Name:
- VC Property Group, LLC
- Agent Name:
- Connor Wenchell
- List Agent MLSID:
- 843821
- List Office MLSID:
- 13981
- Tax Year:
- July 2025-June 2026
- Directions:
- GPS
- Elementary School:
- Per Board of Ed
- High School:
- Per Board of Ed
- HOA Fee Amount:
- $0
- Parcel Number:
- 1257647
- Property Tax:
- $8,638
- Zoning:
- RM2
Multi-family For Sale
225 Winthrop, New Haven, 06511
9 Bedrooms
3 Bathrooms
3,886 Sqft
$600,000
Listing ID #24170022
Basic Details
- Property Type :
- Multi-family For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24170022
- Price :
- $600,000
- Bedrooms :
- 9
- Baths Total :
- 3
- Bathrooms :
- 3
- Half Bathrooms :
- 0
- Square Footage :
- 3,886 Sqft
- Year Built :
- 1918
- Lot Area :
- 0.13 Acre
- City:
- New Haven
- Zipcode:
- 06511
- Property Sub Type :
- 3 Family
- Style :
- Units on different Floors
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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