12 Lilac St - Apartments FOR SALE


New Haven, CT 06511- Newhallville
$799,900 USD
203-816-7926
12 Lilac St, New Haven, CT for Sale
$799,900 USD
Apartments - FOR SALE
1/12
null | 7.6% Cap Rate

12 Lilac St
New Haven, CT 06511
Newhallville


HIGHLIGHTS

  • Well maintained with private parking lot
  • Lots of yard/space
  • Prime location

OVERVIEW

Incredible investment opportunity with strong in-place cash flow and serious upside. This 6-unit commercial multifamily property features a desirable mix of 3 spacious two-bedroom units and 3 one-bedroom units. Currently generating a cap rate of over 7.6%, with pro forma projections pushing well above 10%, this asset is ideal for investors seeking solid returns and long-term appreciation. Priced below market on a per-door basis, there’s significant value-add potential through unit upgrades and rental increases. Don’t miss the chance to secure a stabilized property with built-in equity and room to grow.

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$115 USD /SF

# OF UNITS

6

PRICE/UNIT

$133,317

CAP RATE

7.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RM2

APN/PARCEL ID

NHVN-000287-000481-001100

ASK ABOUT THIS PROPERTY

Zachary PintoAlpha Capital RealtyMore Info
203-816-7926

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Zachary PintoAlpha Capital RealtyMore Info
203-816-7926

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