About This Property

Incredible Opportunity! 173 Arch Street combines a street-level commercial space with three residential apartments, and additional rental income space with a converted attic apartment. The commercial unit was designed for a restaurant, but a new owner/operator can easily adapt it for another business. The building sits in a high-visibility spot near Yale, Albertus Magnus College and Southern Connecticut State University, which brings steady traffic and a deep pool of renters. The residential rental opportunities include: 2-Bedroom/1 Bath Apartment (Main Floor) 1-Bedroom/1 Bath Apartment (2nd Floor, 2 Separate Units) 1-Bedroom/1 Bath Attic Apartment All Units are currently rented with leases requiring tenants to pay utility costs. The property has a new roof (2023) and upgraded electrical with a 5-gang meter panel. There's ample off-street parking for commercial and residential tenants. This property is an excellent addition to your property portfolio - or a great way to get started in earning rental income. Schedule your showing today! Pictures coming 9/25

Property Details