About This Property

Value-add mixed-use opportunity on Dixwell Avenue in Hamden. 6 units consisting of 2 commercial spaces and 4 residential apartments consisting of 2- 1BRs and 2- 2BRs with off-street parking and separate utilities. The commercial spaces are currently occupied, while the residential rents remain well below what ownership believes the property can achieve, giving the next owner a real opportunity to grow income over time. 1BR is currently vacant, creating an immediate lease-up opportunity. Several recent mechanical updates include newer furnaces and HVAC components. Per owner, the property was renovated in 2008 to Hamden specifications and includes 90-minute fire-rated doors. Located within Hamden's Enterprise Zone with potential facade and other incentive programs available to qualifying owners/businesses. Great fit for an investor looking for multiple income streams, rent growth and long-term upside along one of Hamden's main commercial corridors. Buyer to verify incentive eligibility and financial information.

Property Details