195 Ferry StNew Haven, CT 06513

This exceptional mixed-use property at 195 Ferry Street, New Haven, Connecticut, presents a compelling investment opportunity. The 5,000 square foot building sits on a 0.1-acre lot and boasts a strong 8.00% cap rate. Currently operating at 100% occupancy, the property generates a substantial monthly income of $3750 from its three units. The ground floor features a commercial storefront with a month-to-month tenant, ensuring flexibility and potential for increased rental income. The second and third floors are occupied by residential tenants under lease agreements. The building's financial performance is further enhanced by a recently replaced roof (2021), minimizing future maintenance expenses. The property is situated in the Naugatuck Valley area of New Haven, CT, zip code 06513, offering excellent access to local amenities and transportation. With a remaining lease term of 20 years, this property provides long-term stability and significant potential for appreciation. The gross lease structure simplifies management, making this an ideal investment for both seasoned and novice investors seeking a diversified portfolio. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use property in a desirable Connecticut location.