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Property Description

****PRICE REDUCTION IS FOR 48 DIXWELL AVE ONLY NOW*** 48 Dixwell is located within a 2-minute walk to Yale’s Payne Whitney Gym, a 3-minute walk to Yale’s Broadway Shopping District and the Apple Store, and a 4-minute walk to the upcoming Dixwell Plaza – New Haven’s newest shopping and entertainment district (see picture). When fully developed consolidated site capable of generating $1 million+ in annual gross income. Opportunity is Ideal for investors seeking high returns, long-term capital appreciation, and an opportunity to engage in ground-up development in one of New Haven’s most strategically positioned areas. Serious buyers are required to provide proof of funds (POF) before scheduling property viewings. A fully reconstructed four-story, two-family complex, with a ground-up renovation completed in 2021. Each unit features four bedrooms and two full bathrooms. High-end finishes include walk-in tiled showers, wall-hung toilets, and stainless steel appliances. Top-of-the-line LG Red mini split heating and cooling systems. Two levels white-box finished, offering easy-to-convert space to commercial or additional residential units. 48 Dixwell Phase 1 completed. Currently fully occupied by Yale athletes, generating a gross monthly income of $11,000 and annual net income of $113,500 bringing the CAP Rate to over 6.5%.

Address Map
US
CT
New Haven
New Haven
06511
Dixwell
48
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Features
: Split System
: Heat Pump
: Full with walk-out, Concrete floor, Full, Fully finished, Heated, Cooled
: Flat
: No
MLS Addon
: Not applicable
GPS
: Public water connected
99
Per Board of Ed
Per Board of Ed
Per Board of Ed
: Patio, Garden area, Lighting, Sidewalk
$0
0
: Electric
Joe Scarpellino
CBRB58
Coldwell Banker Realty
: Private school(s), Medical facilities, Public transportation, Shopping/mall, Basketball court
: No/resale
0
1253378
: Public sewer in street
July 2024-June 2025
0
2
0
0
Units on different Floors
RM2

Listing courtesy of Joe Scarpellino from Coldwell Banker Realty

    Multi-family For Sale For Sale

    48 Dixwell, New Haven, Connecticut 06511

    8 Bedrooms
    4 Bathrooms
    7,854 Sqft
    $1,750,000
    Listing ID #24069014
    Basic Details
    Property Type : Multi-family For Sale
    Listing ID : 24069014
    Price : $1,750,000
    Bedrooms : 8
    Baths Total : 4
    Bathrooms : 4
    Half Bathrooms : 0
    Square Footage : 7,854 Sqft
    Year Built : 1910
    Lot Area : 0.12 Acre
    Status : Active
    Property Sub Type : 2 Family
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