377 Peck Street New Haven, CT 06513
Listing Courtesy of: SMART MLS / Coldwell Banker Realty / James "Jim" Montanaro / Nicholas "Nick" Mastrangelo

  377 Peck Street New Haven, CT 06513

Active (29 Days)
$440,000
5
BED
3
BATH
2,128
SQFT
See Similar Listings

Description

Investing in multi-unit residential properties indeed presents a unique opportunity for portfolio diversification and wealth generation. The immediate cash flow from rental income provides a steady stream of revenue, which can be particularly attractive during periods of market volatility. Additionally, the potential for asset appreciation over time can result in significant capital gains. The varying unit sizes in a two-unit building allow for flexibility in tenant demographics, which can lead to lower vacancy rates and a broader appeal in the rental market. Strategic updates and regular maintenance not only preserve but can enhance the property's value, making it an attractive proposition for both current income and future resale. It's a tangible asset that, with proper management, can yield substantial returns while providing housing solutions-a fundamental need in any community.

MLS #:
24010226
Taxes
$5,823(2023)
Lot Size
6,098 SQFT
Type
Multifamily
Year Built
1997
Style
Units Are Side-by-Side
County
New Haven County
Community
N/a

Listed By

James "Jim" Montanaro, Coldwell Banker Realty
Nicholas "Nick" Mastrangelo, Coldwell Banker Realty
Source
SMART MLS
Last checked May 20 2024 at 9:56 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
  • Half Bathroom: 1
Lot Information
  • Level Lot
Property Features
  • Foundation: Concrete
Heating and Cooling
  • Hot Water
  • None
Basement Information
  • Full
Exterior Features
  • Vinyl Siding
  • Roof: Asphalt Shingle
Utility Information
  • Sewer: Public Sewer Connected
  • Fuel: Oil, Natural Gas
School Information
  • Elementary School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Per Board of Ed
Garage
  • None
Living Area
  • 2,128 sqft
Location
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