550 Whitney Avenue is a 16-unit multifamily property located in the sought-after East Rock neighborhood of New Haven, CT. The property features 9 one-bedroom units and 7 studios. 2 of the studios are located on the top-floor with private roof decks. The property features off-street parking and a common laundry room. The property features strong value-add potentials. Renovations may significantly boost net income, energy efficiency, and property performance. The property already boasts brick exterior and private parking spaces. The property has great access to Yale campus, including the School of Management, Physics and Computer Science Department, as well as the planned Yale Science Building on Whitney and Edwards. Construction on the state-of-the-art Yale Science Building is already underway, presenting a potential boon for area multifamily properties, as demand for housing may grow with the campus expansion, and such expansion's potential impact on job growth. Its prime location boasts easy access to East Rock's vibrant boutique cafes and restaurants, as well as easy transport to nearby neighborhoods and towns. Tenants responsible for electricity. Ownership responsible for oil heating, water, and sewage.

Listing courtesy of Y. George Lee of Farnam Realty Group



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