879 Whalley Avenue
New Haven, Connecticut

Description:

Rare opportunity to own a mixed use investment property in the heart of Westville village with excellent long term commercial business/tenant on the ground level. The building consist of 2714 SQ FT on the main and second floor plus an unfinished walk up attic with incredible expansion possibilities. The main level is leased to an established and loved restaurant/bar with a base rent of $3458 per month plus a $630 per month CAM fee for a total of $4,088 with 4% rent increases per year. The second level of the building features a spacious two bedroom apartment currently rented for $1550 per month. The apartment features a 5 room layout with large carpeted living room, separate dining room, large eat in kitchen, 2 bedrooms and one full bath. If needed, the living room could be used as a third bedroom. The apartment has a staircase that leads to the unfinished attic with expansion possibilities - perfect for two additional bedrooms and a full bath. The building has separate utilities (oil and electric), mid-aged boilers, a newer roof and a large parking lot in the rear for ~6-8 cars. This is an investment opportunity you don't find often, don't miss your chance to own this rare property in Westville!

Listing Courtesy of Seabury Hill REALTORS