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$330,000
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Property Description
Investment opportunity knocking at your door! This mixed-use property offers two side-by-side apartments, 2 and 3 bedrooms each, plus a first-floor level commercial/retail space which can be used as a deli, market, restaurant, or other types of storefront business. Both apartments are fully rented and generating $21,000 in gross rental income annually, giving you instant cash flow. Tenant leases end in April 2021. Tenants have been paying on time and are open to staying should the buyer prefer to keep them. The commercial/retail space offers more than 1,800 SQF to bring your business ideas to life. It's ready to make it your own. This property offers very generous off-street parking, both in front and in the back for tenants and customers. Close to New York City, this New Haven property is close to all the downtown amenities like restaurants, shopping, Yale University, and Yale-New Haven Hospital. Schedule your appointment today to take a look at all that this property has to offer.
Full Property Details
Full Property Details for 20 Farren Ave
General
- Sold For: $330,000
- Taxes: $9,666 (July 2021-June 2022)
- Status: Closed
- Type: Multi-Family
- Source: SMARTMLS
- MLS ID: 170367858
- Added to Site: 1, 823 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Additional Information
- Shared Amenities: None
Exterior
- Color: White
Parking
- Parking: Paved, Driveway, Off Street Parking
- Garage Description: Paved, Driveway, Off Street Parking
Location
- County: New Haven
- Driving Directions: Take Forbes Ave to Chamberlain St and continue on Chamberlain St. Drive to Farren Ave.
School Information
- Elementary School: Per Board of Ed
- Middle School: Per Board of Ed
- Intermediate School: Per Board of Ed
- High School: Per Board of Ed
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas on Gas, Radiator, Natural Gas
- Heating Fuel: Natural Gas
- Water Heater: 40 Gallon Tank, Natural Gas
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
Structural Information
- Architectural Style: Units on different Floors, Units are Side-by-Side
- Construction Status: No/Resale
- Exterior Const.: Frame, Vinyl Siding
- Basement Desc.: Full, Partial With Walk-Out, Unfinished, Storage
- Roof: Asphalt Shingle
- Attic: Yes
- Square Feet: 3,606
- Year Built: 1900
Unit Information
Unit 1
- Square Feet: 900
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Square Feet: 900
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Square Feet: 1803
Lot Features
- Lot Size (Acres): 0.19
- Driveway/Sidewalk: Private, Paved
- Zoning: RM2
- Lot Description: N/A
Water Features
- Water Front Desc.: Brook, Not Applicable
Financial Considerations
- Assessment Amount: $220,290
- Tax Amount: $9,666
- Tax Year: July 2021-June 2022
Disclosures and Reports
- Property ID: 1238235
Get Pre-Approved Today
Schools
Schools serving 20 Farren Ave
School District:New Haven School District
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 20 Farren Ave
Date
Details
Price
Change
Source
8/31/2021
Sold
$330,000
-8.33%
MLS
4/05/2021
Price Reduced
$360,000
-4%
MLS
1/24/2021
Listed
$375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
20 Farren Avenue, New Haven, CT 06513 (MLS# 170367858) is a Multi-Family property that was sold at $330,000 on August 31, 2021. Want to learn more about 20 Farren Avenue? Do you have questions about finding other Multi-Family real estate for sale in New Haven? You can browse all New Haven real estate or contact a Coldwell Banker agent to request more information.

