285 Quinnipiac Ave - Apartments FOR SALE


New Haven, CT 06513- Fair Haven Heights
$2,215,000 USD
203-816-7926
285 Quinnipiac Ave, New Haven, CT for Sale
$2,215,000 USD
Apartments - FOR SALE
1/13
null | 6.94% Cap Rate

285 Quinnipiac Ave
New Haven, CT 06513
Fair Haven Heights


HIGHLIGHTS

  • Strong in-place return profile with real pro forma upside
  • Three-building layout with private parking
  • Great location

OVERVIEW

This 12-unit multifamily investment consists of three separate buildings with a full unit mix of all two-bedroom apartments, ideally positioned in a desirable New Haven location. The property benefits from a private off-street parking lot and offers investors an attractive combination of strong in-place performance and future upside. The uniform two-bedroom configuration supports broad tenant demand, while the multi-building layout and parking amenity enhance the overall appeal of the asset. At the current pricing, the property is projected to achieve an estimated 6.94% cap rate, with upside to an 8.81% cap rate. With approximately $153,712 in-place NOI and $195,163 pro forma NOI, this is an opportunity to acquire a well-located, efficiently configured multifamily asset with immediate cash flow and continued rental growth potential.

FOR SALE DETAILS

PRICE

$2,215,000 USD

PRICE/SF

$483 USD /SF

# OF UNITS

12

PRICE/UNIT

$184,583

CAP RATE

6.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

RM1

APN/PARCEL ID

NHVN-000085-001298-000900

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 Notice.