171 Chestnut St - Multi-Family FOR SALE


New Haven, CT 06511- Wooster Square/Mill River
$999,999 USD
203-335-5117
171 Chestnut St, New Haven, CT for Sale
$999,999 USD
Multi-Family - FOR SALE
1/8
null | Request Cap Rate

171 Chestnut St
New Haven, CT 06511
Wooster Square/Mill River


HIGHLIGHTS

  • A+ Wooster Square location
  • In-place rents are well below market allowing a new owner to substantially increase the rent roll
  • The property is in excellent condition and is separately metered for all utilities
  • Rare rear private four car garage
  • Basement laundry and storage lockers on site

OVERVIEW

Baldwin Pearson & Co., Inc. is pleased to present 171 Chestnut Street, New Haven, CT to the market. This well-located multifamily asset is situated on a quiet, tree-lined side street in New Haven’s highly sought-after Wooster Square neighborhood, offering investors a stable, income-producing property with strong long-term appreciation potential. The property is comprised of four spacious two-bedroom apartments along with a rare and highly valuable private four-car rear garage, a true differentiator in this submarket. 171 Chestnut Street delivers stable cash flow with immediate, meaningful upside potential in a neighborhood that has experienced substantial residential rent growth over the past several years. Select lease expirations and flexible tenancy also create the opportunity for owner-user occupancy of one or more units, while maintaining strong in-place income. Opportunities to acquire multifamily assets in Wooster Square are increasingly scarce, making 171 Chestnut Street an exceptional offering in one of Connecticut’s strongest and most desirable rental markets.

FOR SALE DETAILS

PRICE

$999,999 USD

PRICE/SF

$256 USD /SF

# OF UNITS

4

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

171 Chestnut Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

RM2

APN/PARCEL ID

NHVN-000208-000563-000700

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.