607 Washington Avenue

New Haven, CT 06519

$550,000
Price
1
Beds
1
Bath
3,910 Sq. Ft.
$141 / Sq. Ft.
3,910
Sq. Ft.
$141
per Sq. Ft.

Description

Don't miss your chance to own this well maintained 6 unit mixed use property. There is 3 residential units and 3 commercial spaces all fully occupied. On the first level is a Barbershop, Grocery, and Restaurant. Two of the three residential units have been renovated in recent years and offer newer flooring, kitchen cabinets, appliances, bathrooms and Central Air. To the right of the property is a large parking area for tenants to use. This property offers additional value add by increasing the rents...Don't miss your chance to own this well maintained 6 unit mixed use property. There is 3 residential units and 3 commercial spaces all fully occupied. On the first level is a Barbershop, Grocery, and Restaurant. Two of the three residential units have been renovated in recent years and offer newer flooring, kitchen cabinets, appliances, bathrooms and Central Air. To the right of the property is a large parking area for tenants to use. This property offers additional value add by increasing the rents to Market Rate. Currently it performs at a 12% Cap Rate.
  1. Listed by James P Huffman • Farnam Realty Group
    P: (203) 671-1924 C: (203) 671-2719 james@farnamgroup.com
  2. Listed by Craig Delgado-Alonzo • Farnam Realty Group
    P: (203) 671-1924 C: (203) 343-2642 craig@farnamgroup.com

Property Details for 607 Washington Avenue

Basement Description
Full, Unfinished
Direct Waterfront
No
Garages Number
0
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
None, Off Street Parking
Swimming Pool
No

Location

Listing Courtesy of Farnam Realty Group, James P Huffman; Farnam Realty Group, Craig Delgado-Alonzo
Add your commute
LISTING UPDATED: 05/30/2024 08:30 PM

Property Details for 607 Washington Avenue

StatusUnder Contract
MLS #24018521
Days on Market13
Taxes$8,624 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1900
Lot Size0.19 AC / 8,276 SF
CountyNew Haven County

Location

Listing Courtesy of Farnam Realty Group, James P Huffman; Farnam Realty Group, Craig Delgado-Alonzo
Add your commute

Building Information for 607 Washington Avenue

Stories-Residences6Year Built1900Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$3,720 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,002

Property Taxes

$719

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 607 Washington Avenue

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.29482
  • Longitude: -72.93849
  • State: Connecticut
Parking
  • Parking Total Spaces: 12
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2023-June 2024
  • Property Tax: $8,624
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: Central Air, Window Unit
  • Heat Type: Baseboard, Hot Air
  • Attic YN: No
  • Rooms Total: 0
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block
  • New Construction Type: No/Resale
  • Roof: Flat
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 3910
Lot Information
  • Lot Description: City Views
  • Parcel Number: 1254258
  • Sq Ft Est Heated Above Grade: 3910.0
  • Sq Ft Total: 3910.0
  • Zoning: RM2
Utilities
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 30 Gallon Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 20000
  • Gross Annual Income: 96240
  • Net Operating Income: $76,240
  • Occupied By: Tenant
  • Total Number of Units: 6
  • Total Rooms Multi Family: 0
Unit 1
  • Lease: Leased
  • Listing Key: 1898AFFFC83CCBDFE0631401100A5EF1
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 05-30-2024
  • Unit Monthly Rent: $1,155
  • Unit Num Bedrms: 1

Property History for 607 Washington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 607 Washington Avenue

Taxable ValueLand$25,060Additions$206,780Total$231,840
Tax Record2023$8,624 ($719 / month)
Home Facts
Total Finished SqFt3,910 SqFtAbove Grade Finished SqFt3,910 SqFtStories2Lot Size8,315 SqFtStyleMiscellaneous CommercialYear Built1900ZoningRM2CountyNEW HAVENAPNNHVN M:302 B:0063 L:00600

Schools near 607 Washington Avenue

This home is within New Haven School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - K to 8
Rating
School
Distance
Hill Central Music Academy
PublicPK to 8

Riverside Educational Academy
Public9 to 12

Truman School
PublicPK to 8

Clemente Leadership Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Farnam Realty Group, James P Huffman; Farnam Realty Group, Craig Delgado-Alonzo

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.