1158 Dixwell Ave - Apartments FOR SALE


Hamden, CT 06514
$3,850,000 USD
203-335-5117
1158 Dixwell Ave, Hamden, CT for Sale
$3,850,000 USD
Apartments - FOR SALE
1/16
null | 8.66% Cap Rate

1158 Dixwell Ave
Hamden, CT 06514


HIGHLIGHTS

  • Excellent value add opportunity
  • Strong cash flow from day one
  • Large footprint on heavily trafficked retail corridor
  • Separately metered for utilities
  • Desirable rear parking area

OVERVIEW

Baldwin Pearson & Co., Inc. is pleased to present 1158 Dixwell Avenue, Hamden, Connecticut, to the market. This prominent mixed-use property is positioned at a highly visible, heavily trafficked intersection on Dixwell Avenue in Hamden, CT, making it an exceptional opportunity for investors seeking stable income with strong upside potential. The asset consists of 20 residential apartments situated above 13 ground-floor commercial units, creating a well-balanced income stream. The retail spaces benefit from excellent street frontage and visibility, making them well suited for a wide range of tenant uses. This corner property has historically been a hub for telecommunication companies servicing the area and is home to an AT&T cellular tower operated by a national firm. 70% of all future telecom rooftop revenue will be contractually allocated to the new owner, creating another highly valuable truly passive income stream.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

33

PRICE/UNIT

$116,667

CAP RATE

8.66%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1932

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

B-1

APN/PARCEL ID

HAMD-002225-000617

ASK ABOUT THIS PROPERTY

Robert ShawahBaldwin Pearson & Company, Inc.More Info
203-335-5117

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Robert ShawahBaldwin Pearson & Company, Inc.More Info
203-335-5117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.