244 Sherman , New Haven, CT 06518

$499,900
  • 244 Sherman , New Haven, CT 06518 Main Photo

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Active
BEDS6 BATHS4 full SQUARE FEET4,090 MLS#24189456
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Exceptional value-add opportunity in the heart of New Haven's desirable Edgewood neighborhood! This unique multi-family property offers an exciting opportunity for investors, developers, and visionaries looking to unlock its full potential. Currently configured as a 2-family with 6 bedrooms and 6 full bathrooms, the property also comes with zoning-approved plans to convert it into a 5-family residence, creating a rare opportunity to significantly increase its income-producing potential. With generous square footage and a flexible layout, this property provides a strong foundation for a transformative renovation. Whether you're an experienced investor or looking for your next development project, the possibilities are substantial. Bring your contractor, your vision, and the right team to reimagine this property into a standout asset in one of New Haven's most established neighborhoods. Located in the sought-after Edgewood neighborhood, you'll enjoy convenient access to Edgewood Park, Yale University, Yale New Haven Hospital, local restaurants, shopping, public transportation, and major highways, making this an attractive location for future tenants. While the property requires significant renovation and is being offered as an opportunity for someone ready to add value, the approved conversion plans and prime location make it a truly compelling investment. Don't miss your chance to bring new life to a property with exceptional upside and long-term potential.

244 Sherman | MLS# 24189456

This multi-family property located at 244 Sherman , New Haven, CT 06518 is currently listed for sale with an asking price of $499,900. Search New Haven real estate on www.coldwellbankerchoice.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Cooling: None
Fuel Type: Natural Gas, Oil
Heating: Hot Air
Home Style: Units on different Floors, Units are Side-by-Side
Lot Size: 0.09 Acres
Roof Type: Asphalt Shingle
Taxes: $13,219
Year Built: 1900

Feature Descriptions

Days on Site: 16
Exterior: Clapboard
Lot: Level Lot
Sewer: Public Sewer Connected
Units: 6
Water: Public Water Connected
Waterfront: Not Applicable

Local Schools

High School: James Hillhouse
Elementary School: Edgewood

Listed By / Shown By

Listing By

Agency Name: Roundtree Realty LLC
Agent Name: Javyn Roundtree

Shown By

Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)

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Estimated Payment

$ 2,359.95 per month $1,112.56 Principal & Interest $1,101.58 Property Tax $145.80 Homeowner's Insurance

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