942 State St
New Haven, CT 06511
Retail Property For Sale

Great investment opportunity in an amazing location. Property is fully rented and generating strong income with future years even more profitable with a cap rate north of 7.6%+. The property consists of a stable commercial unit on the first floor occupied by a laundry mat committed to a 5-year lease with annual increases in rent. There are also 3 residential units ranging from a spacious 3-bedroom unit to a chic 1-bedroom carriage house that embodies the life of downtown living, inclusive of your very own enclosed outdoor patio, skylights, and a rare private driveway. Nestled in the heart of East Rock, this property is in an ideal location; walking distance to downtown, award-winning restaurants, Yale University, the train station, major highways, and much more. With over $75,000 in recent renovations and all units fully rented, this property easily pays for itself and will generate strong income for years to come.