109 Court St New Haven, CT 06511

This exceptional investment opportunity encompasses two buildings totaling 14,000 square feet on a 0.17-acre lot in New Haven, CT. The main building, 109-113 Court Street, is a four-story brick structure built in 1850 and extensively renovated between 2021 and 2024. It features a mix of residential and retail space, including eight studios with kitchen and bath, three one-bedroom units with living rooms, kitchens, and baths, and two two-bedroom units with kitchens. Additionally, there are two first-floor retail spaces. The property boasts a rare amenity in this location: six to eight off-street parking spaces. All units are currently occupied. The second building, 107 Court Street, comprises two luxury apartments with a courtyard and two off-street parking spaces. This building presents potential for expansion, with the possibility of adding two more luxury units or additional rooming units to the existing structure. Both buildings are zoned BD and must be sold together. The asking price is $3,279,000. Proof of funds or mortgage pre-approval is required before scheduling a viewing. Detailed financial information is available upon request. This property offers a compelling blend of established income and significant upside potential in a vibrant downtown location, within walking distance of courthouses, federal buildings, and the train station.