223 Farren AveNew Haven, CT 06513

This exceptional investment opportunity presents a well-maintained, six-unit apartment building located at 223 Farren Ave, New Haven, CT 06513. The 3,432 square foot property, built in 1900, sits on a 3,744 square foot lot and is zoned BA, offering flexibility for various uses. Currently boasting 100% occupancy, this Core+ investment provides immediate returns with strong rental demand in the area. The building's timeless charm is complemented by its modern conveniences, promising low maintenance costs and potential for long-term appreciation. The prime New Haven location, near Yale University and several parks, ensures a consistent tenant pool. Owner financing is available. This mixed-use property offers a diverse unit mix, creating varied rental income streams. The property's strong financials, including an 8.72% cap rate and an asking price of $1,050,000, make it an attractive addition to any portfolio. The vibrant neighborhood offers a blend of urban convenience and community ambiance, making it an ideal location for both tenants and investors.