7 Unit Mixed Use Investment Property

1379 Chapel St New Haven, CT 06511

1379 Chapel St, New Haven, CT, 06511
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,200,000
Last Verified:
Oct 22, 2024

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Highlights

  • - Owner financing available
  • - 4,411 SF building with 7 units
  • - Corner Lot
  • - Across from Yale New Haven Hospital
  • - Longterm Retail Client
  • - Zoned for business use (BA)
  • - Desirable location in the New Haven area
  • - Fully occupied with 100% occupancy
  • - Well-maintained and attractive building
  • - Proven track record of consistent tenancy
  • - Solid income-generating asset
  • - Prime investment opportunity in robust rental market

Description

Introducing an exceptional investment opportunity in the heart of New Haven. This historic property, built in 1900, boasts a 4,411 SF building with 7 units, offering a prime rental portfolio for astute investors. Zoned for business use, the property's 100% occupancy reflects its desirability in the robust New Haven rental market. With a proven track record of consistent tenancy, this well-maintained building presents a solid income-generating asset in a sought-after location. Don't miss the chance to add this lucrative mixed use/multifamily rental portfolio to your investment portfolio.

Located in the heart of New Haven, the area surrounding the property is a hub of activity and opportunity for retail / multi family Building investors. With renowned institutions like Yale University within close proximity, the area is ripe with academic and intellectual energy. Nearby Elm City Market and the vibrant Chapel Street shopping district offer convenience and a lively atmosphere for professionals. Enjoy easy access to a variety of dining options, from casual eateries to upscale restaurants. The property's prime location provides a unique opportunity to invest in a dynamic and thriving commercial real estate market.


Year Built: 1900
Building Size: 4411sq ft
Lot Size: 0.11 acres

Map of 1379 Chapel St, New Haven, CT, 06511

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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.