9 Unit Multifamily Investment Property

167 Chapel St New Haven, CT 06513

167 Chapel St, New Haven, CT, 06513
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,175,000
Last Verified:
Oct 08, 2024

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Highlights

  • - Owner Financing Available
  • - 4,269 SF building with 9 units
  • - Built in 1900, showcasing historic charm
  • - Zoned BA for potential development
  • - Prime location in New Haven area
  • - 100% occupancy for stable income
  • - Well-maintained property with strong rental history
  • - Excellent investment opportunity in a thriving market

Description

Experience an exceptional investment opportunity with this 4,269 SF multifamily property in the thriving New Haven area. Built in 1900, this 9-unit building boasts a prime location, reflecting the area's potential for growth and development. With 100% occupancy, this property presents a stable and lucrative income stream for investors. The well-maintained building offers a strong historical foundation and ample space for tenants to enjoy. Don't miss the chance to add this high-performing asset to your portfolio and benefit from the lucrative multifamily market in New Haven.

Immerse yourself in the allure of New Haven, CT, surrounding the property at Chapel Street. As a prospective investor in multifamily properties, you'll appreciate the area's proximity to esteemed educational institutions like Yale University and the University of New Haven. Centrally located in the bustling arts and cultural scene, including the renowned Yale Art Gallery, adds to the neighborhood's appeal. Furthermore, Chapel Street offers an enticing variety of dining and entertainment options, enhancing the area's desirability for potential tenants. With its picturesque parks and historic architecture, this location provides an exceptional living experience. Don't miss out on the opportunity to become part of New Haven's thriving multifamily market.


Year Built: 1900
Building Size: 4269sq ft
Lot Size: 0.1 acres

Map of 167 Chapel St, 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.