Property Description
A 6-unit multifamily offering strong in-place income plus immediate upside through lease-up. Current rents: Unit 1-$1,300, Unit 2-$1,550, Unit 3-$1,300, Unit 6-$1,375; Units 4 (1BR) and 5 (2BR) are empty. In-place gross: $5,525/mo with pro-forma potential up to ~$8,925/mo (market rent: Unit 4-$1,550 and Unit 5-$1,850). Located in a Class A neighborhood in the desirable Foxon area, close to I-95 & Route 1, shopping, dining, and minutes to downtown New Haven/Yale and East Haven beaches/parks. With lease-up alone, this can be positioned to achieve an 8-cap, making it an ideal value-add play with strong long-term fundamentals.
Features
- Heating System:
- Hot Air
- Cooling System:
- No
- Basement:
- Partially Finished, Partial
- Driveway Type:
- Private, Unpaved
- Foundation Type:
- Concrete, Brick
- Heat Fuel Type:
- Natural Gas
- Exterior Siding:
- Aluminum
- Handicap Features:
- Ramps
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 8
- Hot Water Description:
- Natural Gas, 40 Gallon Tank
- Lot Description:
- Level Lot, Sloping Lot
- Water Source:
- Public Water Connected
Address Map
- Street:
- Old Foxon
- Street Number:
- 116
- Floor Number:
- 0
- Longitude:
- W73° 8′ 5.6”
- Latitude:
- N41° 19′ 11.2”
MLS Addon
- Office Name:
- Roundtree Realty LLC
- Agent Name:
- Aharon Cowen
- List Agent MLSID:
- 854781
- List Office MLSID:
- 14130
- Tax Year:
- July 2025-June 2026
- Directions:
- GPS
- Elementary School:
- Per Board of Ed
- High School:
- East Haven
- HOA Fee Amount:
- $0
- Parcel Number:
- 1100640
- Property Tax:
- $9,677
- Zoning:
- R-2
Multi-family For Sale
116 Old Foxon, East Haven, 06513
7 Bedrooms
6 Bathrooms
3,364 Sqft
$960,000
Listing ID #24155329
Basic Details
- Property Type :
- Multi-family For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24155329
- Price :
- $960,000
- Bedrooms :
- 7
- Baths Total :
- 6
- Bathrooms :
- 6
- Half Bathrooms :
- 0
- Square Footage :
- 3,364 Sqft
- Year Built :
- 1920
- Lot Area :
- 0.34 Acre
- City:
- East Haven
- Zipcode:
- 06513
- Property Sub Type :
- 5 Family+
- Style :
- Units on different Floors,Units are Side-by-Side
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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