Active
48 Dixwell Avenue
New Haven CT, 06511
$2,100,000
$428.57 per sqft
Active
2 Baths
4,900 sqft
Commercial
Built in 1940
Portfolio sale offering a rare investment opportunity at Yale University! Two abutting properties at 48 and 54 Dixwell Avenue, 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 complete. Currently fully occupied by Yale athletes, generating a gross monthly income of $11,000 and annual net income of $100,000+.
24070069
MLSⓇ ID
January 22, 2025
Listed
January 23, 2025
Updated
Map
48 Dixwell Avenue
New Haven CT, 06511
Interior Features
Total Bathrooms
2
Full Bathrooms
2
Fireplace
No
Cooling
Yes
Cooling Description
Heat Pump
Heating
Yes
Heating Description
Electric, Heat Pump
Exterior/Building Features
Lot Size
0.12 Acres
Lot Features
Cleared
Roof
Rubber
Sewer
Public Sewer
Other Property Details
Area Name
N/A
Taxes
$16,938
Tax Frequency
Annually
Days on Market
1
Garage
No
View
No
County
New Haven
Water Source
Public
Pool
No
Zoning
RM2
Listed by Joe Scarpellino with Coldwell Banker Realty
Listing Contact: 2036234422
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Data last updated on 1/23/2025 at 2:07 PM UTC