48 Dixwell Avenue
$2,100,000
8
4
7,854
7,854
$267
Description
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...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 completed. Currently fully occupied by Yale athletes, generating a gross monthly income of $11,000 and annual net income of $100,000+ 54 Dixwell fully occupied with annual NOI of over $20,000 - bringing the CAP Rate to over 6%.
- Listed by Joe Scarpellino • Coldwell Banker RealtyP: (203)-623-4422 C: (203)-623-4422 joe.scarpellino@cbmoves.com
Property Details for 48 Dixwell Avenue
Basement Description
Full, Heated, Fully Finished, Cooled, Concrete Floor, Full With Walk-Out
Direct WaterfrontNo
Garages Number0
NeighborhoodN/A
StyleUnits on different Floors
Garage Parking InfoNone
Swimming PoolNo
LISTING UPDATED: 01/31/2025 10:36 AM
Property Details for 48 Dixwell Avenue
Status | Active |
---|---|
MLS # | 24069014 |
Days on Market | 9 |
Taxes | $16,938 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / 2 Family |
Year Built | 1910 |
Lot Size | 0.12 AC / 5,227 SF |
County | New Haven County |
Building Information for 48 Dixwell Avenue
Stories-Residences2Year Built1910Building Size-Lot Size0.12 AC / 5,227 SF
Property Information for 48 Dixwell Avenue
Property History for 48 Dixwell Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 48 Dixwell Avenue
Taxable ValueLand$64,050Additions$375,900Total$439,950
Tax Record2023$16,938 ($1,412 / month)
Home Facts
Total Finished SqFt2,070 SqFtAbove Grade Finished SqFt2,070 SqFtStories1Lot Size5,104 SqFtStyleOffice BuildingYear Built1910ZoningRM2CountyNEW HAVENAPNNHVN M:296 B:0328 L:01800
Schools near 48 Dixwell Avenue
This home is within New Haven School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Wexler/Grant Community School PublicK to 8 | ||
James Hillhouse High School Public9 to 12 | ||
Augusta Lewis Troup School PublicPK to 8 | ||
Cooperative High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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