Renovated 9-Unit Multifamily | 7 of 9 Occupied | ~7.0% Stabilized Cap | ~9.0% Pro Forma Cap | Near Yale New Haven Hospital 522 Elm Street presents an opportunity to acquire a newly renovated 9-unit multifamily investment property situated on a corner lot near Yale New Haven Hospital and downtown New Haven. The property consists of 2 studios, 6 one-bedroom units, and 1 two-bedroom unit, with seven units currently occupied and two vacant units offering immediate lease-up potential. The building has been extensively renovated, featuring modern finishes, hardwood flooring, bright and open layouts, and updated kitchens with quartz countertops, contemporary cabinetry, and Stainless Steel appliances. Units feature electric heat, natural gas hot water, and gas cooking. Landlord-paid utilities are primarily limited to water/sewer and common-area electric, while tenants are responsible for their individual gas and electric usage. Additional income opportunity: Potential to install coin-operated washers and dryers in the basement, creating an additional revenue stream beyond the existing rental income. Strategically located near Yale New Haven Hospital, the Saint Raphael Campus, Yale University, and downtown New Haven. The property also benefits from proximity to the Billion Dollar Adams Neurosciences Center development at the Saint Raphael Campus, anticipated to open in 2027. This major healthcare expansion further strengthens the property's proximity to one of New Haven's significant employment and medical centers. Restaurants, shopping, and public transportation are also conveniently accessible. The Investment Opportunity: With strong in-place rents, two vacant units offering immediate lease-up potential, additional rental upside throughout the building, and the opportunity to generate supplemental laundry income, 522 Elm provides investors with multiple avenues for income growth. Based on projected rents for the vacant units and estimated operating expenses, the property offers an approximately 7.0% stabilized cap rate, with a projected 9.0% pro forma cap rate upon achieving market rents across all nine units. A newly renovated, income-producing asset with substantial rental upside, in proximity to major institutional investment. Buyer to verify all income, expenses, projected rents, additional income opportunities, and capitalization rates.