48 Kensington St

New Haven, CT 06511 View Map $475,000 Ask a Question
Beds7
Baths4
Sq.Ft.3,404
Year1900
48 Kensington St New Haven, CT 06511 | MLS 170611476 Photo 1
48 Kensington St New Haven, CT 06511 | MLS 170611476 Map

Ki Property Group

(203) 745-5682

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Status: Sold
Property Type:4 Family
MLS #:170611476
Sq. Feet:3,404
Date Sold:2/20/2024
Lot Size:0.27 Acres
County:New Haven
A lucrative investment in the heart of New Haven with this fully occupied 4-unit property. Located minutes away from downtown shops, hospitals, highways, and Yale campus, convenience is at its peak. Tenants benefit from proximity to major bus lines, while off-street parking for multiple vehicles adds to the appeal. 3 of the 4 tenants are subsidized, providing immediate consistent cashflow. 4th tenant has been there for 10+years. With separate tenant metering for gas and electric utilities, this property combines location, occupancy, and efficiency, making it an ideal investment for those seeking both immediate returns and long-term growth in New Haven's thriving real estate market.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
2/22/2024$499,000$475,000-4.8%

Community Information

Address:48 Kensington St, New Haven, CT 06511
County:New Haven
City:New Haven
Zip Code:06511

School Information

High School:Per Board of Ed
Elementary School:Per Board of Ed

Architecture

Bedrooms: 7
Bathrooms: 4
Year Built:1900
Stories:0
Exterior Siding: Vinyl Siding
Occupied By: Tenant
Property Sub Type: 4 Family
Unit 1 Appliances: Oven/Range, Refrigerator
Unit 1 Average SqFt: 676
Unit 1 Unit Full Baths: 1
Unit 1 Unit Monthly Rent: 950
Unit 1 unit Number Bed Rooms: 1
Unit 1 Unit Num Rooms: 3
Unit 2 Appliances: Oven/Range, Refrigerator
Unit 2 Average SqFt: 1376
Unit 2 Unit Full Baths: 1
Unit 2 Unit Monthly Rent: 1460
Unit 2 unit Number Bed Rooms: 3
Unit 2 Unit Num Rooms: 6
Unit 3 Appliances: Oven/Range, Refrigerator
Unit 3 Average SqFt: 1352
Unit 3 Unit Full Baths: 1
Unit 3 Unit Monthly Rent: 1250
Unit 3 unit Number Bed Rooms: 2
Unit 3 Unit Num Rooms: 5
Unit 4 Appliances: Oven/Range, Refrigerator
Unit 4 Average SqFt: 676
Unit 4 Unit Full Baths: 1
Unit 4 Unit Monthly Rent: 950
Unit 4 unit Number Bed Rooms: 1
Unit 4 Unit Num Rooms: 3
Roof Information: Asphalt Shingle
Foundation: Masonry
Basement Description: Full, Unfinished, Interior Access
Garage Parking: Driveway, Paved, Off Street Parking

Features / Amenities

Exterior Features: Sidewalk
Exterior Siding: Vinyl Siding
Attic Description: Access Via Hatch, Crawl Space
Color: Blue
Heat Fuel Type: Natural Gas
Heat Type: Hot Air, Hot Water
Total Rooms:17

Property Features

Lot Size: 0.27 Acres
Lot Description: Level Lot, Treed
Water Source: Public Water Connected
Hot Water Description: 40 Gallon Tank, Natural Gas
Sewage System: Public Sewer Connected
Driveway: Private, Paved, Asphalt
Zoning:Rm2
Directions:Edgewood Avenue to Kensington Street (one way)

Tax and Financial Info

Financing Used: Conventional Fixed
Gross Annual Income: $56,220
Gross Annual Expense: $23,648
Net Operating Income: 32572
Possession Availability: Immediate

Schools

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Listing Information Last Updated 6/19/2024
Listing provided courtesy of Ki Property Group.
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