$109,000

About This Property

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.