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$ 485,000
Est. payment /mo
New
567 Sherman Parkway New Haven, CT 06511
6 Beds
2 Baths
1,792 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,792 sqft
Price per Sqft $270
MLS Listing ID 24171227
Style Units on different Floors
Bedrooms 6
Full Baths 2
Year Built 1940
Annual Tax Amount $5,153
Lot Size 7,840 Sqft
Property Sub-Type 2 Family
Property Description
Charming 2-Family Income Producer in the Heart of New Haven - Turnkey Cash Flow from Day One! Located in the heart of New Haven, this 2-unit multifamily property at 567 Sherman Parkway offers convenience and strong investment potential. Close to renowned schools and public facilities, it features a large 0.18-acre lot with a spacious backyard and open driveway that comfortably parks up to 7 cars off-street, providing rare privacy and convenience. Each unit includes 3 bedrooms plus a living room that could easily change into the 4th bedroom. Currently leased at $2,000 and $1,850 per month respectively, with tenants paying their own utilities, the property generates $3,850/month ($46,200 annually) - delivering high gross yield to the listing price. New owners enjoy immediate revenue from day one. The generous land adds significant value (estimated land contribution $80,000-$120,000+), while replacement construction costs for a similar building far exceed the listing price. In today's economy, this property serves as both an inflation-shielded investment and a low-maintenance business with limited personal involvement. Ideal for investors seeking reliable passive income or owner-occupants who want rental income to help cover the mortgage. Don't miss this unique opportunity with strong fundamentals and immediate cash flow! Schedule your showing today.
Location
State CT
County New Haven
Zoning RM2
Rooms
Basement Full
Interior
Heating Hot Air, Hot Water
Cooling Window Unit
Fireplaces Number 2
Exterior
Parking Features Under House Garage, Off Street Parking
Garage Spaces 1.0
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Wexler/Grant
High Schools James Hillhouse
Listed by Xiaoming Li • Real Broker CT, LLC