34-36 White St - Apartments FOR SALE


New Haven, CT 06519- Hill
$980,000 USD
203-273-5256
34-36 White St, New Haven, CT for Sale
$980,000 USD
Apartments - FOR SALE
1/14
null | 7.07% Cap Rate

34-36 White St
New Haven, CT 06519
Hill


HIGHLIGHTS

  • Highly walkable community
  • High Renter Demand
  • Subsidized Housing

OVERVIEW

USMF is pleased to present the exclusive opportunity to own 34-36 White St. New Haven, CT. This is a 6-Family Multifamily property. Each unit consists on 2 bedrooms and 1 bathroom. They are large 900-950 SF apartments. The building benefits from secured income with 4 out of the 6 tenants being subsidized housing. The property is being rented with some units 30-40% below the market average, allowing for the next investor to raise rents on under rented units and create upside in the cashflow. All tenants are responsible for their utilities including heat, hot water and electricity. 3 out of the 6 units have seen major capital improvements including newer kitchens, bathrooms, floors and updated mechanicals. The property has a large parking lot that can, by right, be subdivided into another building lot. The property also contains a converted garage into an ancillary townhouse unit; this is not currently rented but can be occupied by a super intendent for onsite management with potential income from super. The property is in proximity to downtown new haven, Yale New Haven Health facilities, I-95 and New Haven MTA Station.

FOR SALE DETAILS

PRICE

$980,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

6

PRICE/UNIT

$163,333

CAP RATE

7.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

RM2

APN/PARCEL ID

NHVN-000301-000095-001200

ASK ABOUT THIS PROPERTY

203-273-5256

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203-273-5256

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