348 Humphrey Street
- 7 Beds
- 3 Baths
- 2,701 Sq. Ft.
Fully leased recently renovated turnkey 3-family rental property in the heart of East Rock. Amazing location pedestrian to Yale University, Yale School of Management, Yale Science Hill and the many eateries, coffee shops and grocers of the East Rock neighborhood - ideal for graduate student and young professional tenants. The property is fully leased through May/Jun 2023, and has $70,260 of in-place annual rental income, with potential to increase rents which are well below market. The property was beautifully renovated by the current owner, who spent ~$100,000 upgrading the unit interiors, roofing and mechanical/HVAC. Each apartment features granite countertops, stainless steel appliances, new cabinetry and gleaming hardwoods. 2/3 furnaces are new and installed in last 5 years as are 2/3 water heaters, and the roof was re-coated/repaired in the last 5 years, creating limited deferred maintenance for a new owner. The property also features a large back yard.
Represented By: Executive Real Estate