14-16 Lyon St, New Haven, CT 06511

Property Description

Stunning six-unit building in coveted Wooster Square. Rare opportunity to own a meticulously maintained, turnkey property on a quiet, one-way, tree-lined street. Featuring six one-bedroom apartments, each one on its own floor, most with spacious living and dining rooms. Stunning kitchens and baths, soaring 10 foot ceilings, exposed brick throughout, majestic historic decorative fireplaces, many light-filled windows, and a rare private backyard add to the charm. Five units are occupied by excellent tenants, with one furnished apartment just vacated perfect for owner occupancy. Current monthly rent roll of $9,800 including the vacant unit. Rents are very below market, offering tremendous upside potential! Tenants pay their own utilities, gas and electric. Roof is approximately 10 years old. Additional potential exists to convert the attic into another apartment, subject to buyer due diligence, approvals, and applicable requirements. Walk to Yale, train station, Yale shuttle, and New Haven's famous Pizza on Wooster Street. A truly special investment opportunity in one of New Haven's most desirable neighborhoods. This one won't last.