167 Chapel StNew Haven, CT 06513

Property Details for 167 Chapel St

Year built

1900

Property size (Sq ft)

4,269 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 9-unit apartment building located at 167 Chapel St, New Haven, CT 06513. The property, built in 1900 and boasting 4,269 square feet on a 4,294 square foot lot, offers a compelling blend of historical charm and modern income potential. Currently operating at 100% occupancy, this Core+ Class C building generates a strong and stable cash flow, reflected in its attractive 10.10% cap rate. The asking price is $1,175,000. Zoned BA, the property presents potential for future development. The building's well-maintained condition and strong rental history further enhance its investment appeal. This prime location in the thriving New Haven area ensures continued high demand and potential for appreciation. Owner financing is available, making this an even more attractive proposition for discerning investors seeking a lucrative addition to their portfolio within a dynamic market. The property's historical character combined with its current high occupancy and strong financial performance makes this a truly exceptional investment opportunity.

Location Insight

City

New Haven

County

New Haven

State

Connecticut

Latitude

41.3042

Longitude

-72.899

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