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$ 109,000
Est. payment | /mo
1 Bed
1 Bath
726 SqFt
$ 109,000
Est. payment | /mo
1 Bed
1 Bath
726 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 726 sqft
Price per Sqft $150
MLS Listing ID 24188596
Style Apartment
Bedrooms 1
Full Baths 1
HOA Fees $361/mo
Year Built 1967
Annual Tax Amount $1,153
Property Sub-Type Condominium
Property Description
Excellent turnkey investment opportunity! This well-maintained 1-bedroom, 1-bath condominium in the desirable Ridgeview Condominiums is a fantastic addition to any investment portfolio. Currently generating $1,300 per month in rental income, the unit is leased through March 1, 2027, providing immediate and reliable cash flow. The seller will reimburse the prepaid rent from the closing date through the end of the current lease term, allowing the new owner to receive the economic benefit of the remaining lease immediately. Residents enjoy convenient on-site laundry facilities and an exceptional location just minutes from Yale University and Yale New Haven Hospital (approximately 10 minutes), Southern Connecticut State University (approximately 15 minutes), and the University of New Haven (approximately 15 minutes). The property also offers easy access to beaches, shopping, dining, public transportation, and major highways, making it highly desirable for tenants. Whether you're a seasoned investor or purchasing your first income-producing property, this condo offers immediate cash flow, a prime location, and outstanding long-term investment potential.
Location
State CT
County New Haven
Zoning RM1
Rooms
Basement None
Interior
Heating Baseboard
Cooling None
Exterior
Waterfront Description Not Applicable
Building
Sewer Public Sewer Connected
Water Public Water Connected
Level or Stories 1
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Others
Pets Allowed Yes
Listed by Fatih Bahat • Coldwell Banker Realty
Nearby Locations
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Andrei Balaj & Camilo Ramirez
Real Estate Agent | Lic# Licensed in Connecticut