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223 Farren Ave
New Haven, CT 06513

Retail Property For Sale

Investment Highlights

  • Owner Financing Available
  • 100% occupancy for immediate returns
  • Strong rental demand in the area
  • 6 units for maximum rental potential
  • Well-maintained property for low maintenance costs

Executive Summary

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.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,432 SF
Building Class
C
Year Built
1900
Price
$1,494,675 CAD
Price Per SF
$436 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.13
Lot Size
0.07 AC
Zoning
BA - business
Frontage
28 ft on Farren Ave

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NHVN-000084-000993-001900
Land Assessment
$127,135 CAD
Improvements Assessment
$188,446 CAD
Total Assessment
$315,581 CAD
  • Listing ID: 33462584

  • Date on Market: 2024-10-09

  • Last Updated:

  • Address: 223 Farren Ave, New Haven, CT 06513

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