132 Temple St - Apartments FOR SALE


New Haven, CT 06510- Downtown New Haven
$3,850,000 USD
203-273-5256
132 Temple St, New Haven, CT for Sale
$3,850,000 USD
Apartments - FOR SALE
1/34
null | 6.2% Cap Rate

132 Temple St
New Haven, CT 06510
Downtown New Haven


HIGHLIGHTS

  • Heavy daytime and nighttime foot traffic
  • Lots of natural light
  • Open plans with exposed brick and fireplaces

OVERVIEW

USMF is pleased to exclusively present Arches 132. This 11 unit mixed-use property is comprised of 10 multifamily apartments and 1 anchor retail/restaurant. The property is located in Downtown New Haven with-in a prime rental neighborhood for Yale students and young professionals. All tenants are responsible for their own utility consumption. The ground floor retail is responsible for half of all the property expenses induing taxes, insurance, maintenance and management fees. The property benefits from high renter demand as units rarely stay vacant. The building has a low maintenance over head and is in turnkey condition suitable for new ownership to come in and capitalize on current cashflows. Rents are 10-20% below market allowing for new ownership to raise rents in New Haven's resilient renter market. The building has seen recent capital improvements, including but not limited to, newer kitchens, bathrooms, common areas and mechanicals. Situated on New Haven's Temple street the property sees high foot traffic and is a short walk away from Yale University, The New Haven Green, I-95, I-91 & New Haven MTA Stations.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$490 USD /SF

# OF UNITS

11

PRICE/UNIT

$350,000

CAP RATE

6.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arches 132

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,881 SF

ZONING

BD

APN/PARCEL ID

NHVN-000241-000233-001700

ASK ABOUT THIS PROPERTY

203-273-5256

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203-273-5256

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