6 Unit Mix Use Investment Property

223 Farren Ave New Haven, CT 06513

223 Farren Ave, New Haven, CT, 06513
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FOR SALE
Property Type:
Other Special Purpose
Amount:
$1,050,000
Last Verified:
Oct 08, 2024

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Highlights

  • - Owner Financing Available
  • - 3,432 SF historic building
  • - 6 units for maximum rental potential
  • - Built in 1900 with timeless charm
  • - Zoned BA for flexible usage
  • - Prime New Haven location
  • - 100% occupancy for immediate returns
  • - Well-maintained property for low maintenance costs
  • - Strong rental demand in the area
  • - Potential for long-term appreciation
  • - Diverse unit mix for varied rental income streams

Description

Welcome to 223 Farren Ave, New Haven—a prime opportunity for the savvy Multifamily / Retail store front, Rental Portfolio investor! This historic 3,432 SF property boasts 6 units, all under one roof. Built-in 1900, it exudes timeless charm while offering modern convenience. Zoned BA, this coveted location is perfect for your investment strategy. With 100% occupancy, this property promises immediate returns and long-term potential. Don't miss your chance to add this gem to your portfolio and secure a steady stream of rental income.

Immerse yourself in the eclectic surroundings of the area surrounding the 6 Unit Mix Used Investment Property in New Haven, CT. This vibrant neighborhood is anchored by the prestigious Yale University, offering a diverse range of cultural and educational offerings for prospective tenants. Just moments away, East Rock Park and Edgerton Park provide serene natural retreats for leisure and outdoor activities. The renowned Yale Peabody Museum of Natural History and Yale University Art Gallery enrich the local arts and culture scene. Boasting a variety of dining options and convenient public transportation, this area seamlessly combines urban convenience with a welcoming community ambiance, making it a compelling choice for both tenants and investors.


Year Built: 1900
Building Size: 3432sq ft
Lot Size: 0.09 acres

Map of 223 Farren Ave, New Haven, CT, 06513

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.