Derby, CT 06418,9 Mohawk Avenue
$290,000
$290,000
Est.Price: ?

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7 BD
12 BA
2,894 SqFt

9 Mohawk Avenue Derby, CT 06418

Est. payment /mo
SOLD DATE : 05/14/2021

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Key Details

Sold Price $290,000

Property Type Multi-Family

Sub Type 3 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,894 sqft

Price per Sqft $100

MLS Listing ID 170367266

Sold Date 05/14/21

Style 3updown - Unit(s) per Floor

Bedrooms 7

Full Baths 3

Half Baths 9

Year Built 1953

Annual Tax Amount $5,690

Lot Size 10,018 Sqft

Property Sub-Type 3 Family

Property Description

3-Family Investment Property. Gross income $35,400. 2nd floor has 3 bedrooms and is under market rent, has the potential of 1200-1300 per month. if and WHEN the cap rate on this would be at 10.37%. as it stands now it's 8.54% +/-. and cash on cash return of 14.84% +/- at a 25% down payment. all numbers should be independently verified. We are honestly are doing the best we can with estimating water/sewer/insurance. we have a spreadsheet attached with income/expense and will have actual receipts on request for interested buyers. this property has a driveway for off-street parking. Natural Gas and public utilities. the 1st floor is a very large 2 bedroom updated unit at 1200 per month. the second floor is a 3 bedroom unit with a long term tenant at 825 and the 3rd-floor unit is 2 bed at 925 per month. tenant on the first floor has a lease until 5/1 all others are month to month.

Location

State CT

County New Haven

Zoning R-5

Rooms

Basement Hatchway Access

Interior

Heating Hot Air

Cooling None

Exterior

Parking Features Driveway

Garage Spaces 9.0

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description City Views, Corner Lot

Foundation Block

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

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Listed by Joseph Martino • Joseph Martino Real Estate
Bought with Luigi Dipalma • Real Estate Two

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agent

Alex Galvez

Broker | LIC#10491210468

+1(646) 326-3146

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