122 Derby Avenue
New Haven, Connecticut

Description:

Discover 122 Derby Avenue, a classic five-unit multi-family in New Haven's West River neighborhood. The unit mix includes two 2-bedrooms, two 1-bedrooms, and one large studio-ideal for a range of tenant types. Once fully leased, the building is projected to operate at a conservative 9 cap. One unit is currently leased and four are empty, making it a great opportunity for investors or owner-occupiers looking to generate strong rental income. The property includes a full unfinished basement with room for updates or value-add improvements. Seller will find tenants to occupy units prior to closing to help with financials. Just minutes from Yale University and within close proximity to Southern Connecticut State, downtown New Haven, and major highways - the location offers high rental demand and strong tenant appeal.

Listing Courtesy of Alpha Capital Realty, LLC