97 Green Hill Road new Save Request In-Person Tour Request Virtual Tour
Madison,CT 06443
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,492 sqft
Price per Sqft $337
MLS Listing ID 24098502
Style Units are Side-by-Side
Bedrooms 5
Full Baths 4
Year Built 1825
Annual Tax Amount $6,943
Lot Size 0.760 Acres
Property Sub-Type 2 Family
Property Description
This updated legal two-family Colonial on a 3/4-acre lot presents an exceptional investment opportunity, with a solid cap rate of 7.6%. Situated in a highly desirable neighborhood surrounded by expensive single-family homes, this multi-family asset stands out as a solid addition to any portfolio. Both units have been renovated including mechanicals, electrical, and plumbing helps to ensure low maintenance costs. The interior updates harmonize seamlessly with the historic charm, offering strong tenant appeal. The net operating income of over $63,000, which is stable and with minimal vacancy risk, makes it ideal for both new and seasoned investors seeking reliable cash flow and long-term appreciation.
Location
State CT
County New Haven
Zoning RU-2
Rooms
Basement Full,Storage,Interior Access,Concrete Floor,Full With Hatchway
Interior
Heating Hot Air
Cooling Central Air
Exterior
Parking Features Detached Garage,Paved,Off Street Parking,Driveway
Garage Spaces 3.0
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Corner Lot,Treed,Level Lot,Rolling
Foundation Stone
Sewer Shared Septic
Water Public Water Connected
Schools
Elementary Schools Jm Jeffrey
Middle Schools Polson
High Schools Daniel Hand