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3780 Whitney Avenue in the most desirable Carmel area encompasses .66 of an acre and within only a few minutes of Quinnipiac University. It’s in the T3 Zone which allows for Office, Professional, Multifamily, Rental, and Single family usage. Presently the Public Records show it as a 4-Unit usage now. Within its past it was also used as an office and most recently Student housing. 7 bedrooms, 2 and a half baths. Currently rented to students until May 31, 2023. Rental income is 5,600 per month. Listing price is at approximately 10% cap rate at present monthly rent. It has approximately 20 plus parking spaces. Don’t let this wise investment slip through your fingers! Owner will consider some financing at a low, low, interest rate of 5%.
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Listing Agent: Jim Troy
Listing Office: Independent Realtors