405 Main St - Apartments FOR SALE


West Haven, CT 06516
$2,600,000 USD
475-234-0272
405 Main St, West Haven, CT for Sale
$2,600,000 USD
Apartments - FOR SALE
1/47
null | 6% Cap Rate

405 Main St
West Haven, CT 06516


HIGHLIGHTS

  • All units newly renovated.
  • Exposed Brick & Harwood Floors.
  • Walking distance to shops, restaurants, grocery stores, train station, boardwalk, and beach.
  • Security system – 24-hour surveillance.
  • Municipal parking lot across the street.
  • Newly Renovated Laundry.

OVERVIEW

Value add opportunity for new ownership to implement wireless submetering to each unit for a minimal cost vs. the hardwiring option. Implementation would result in offloading approximately $15,000.00 in electrical costs resulting in a a $250,000 value add to the building. ($15,000 / 6% cap = $250,000) Proposal Available for review.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$139 USD /SF

# OF UNITS

16

PRICE/UNIT

$162,500

CAP RATE

6%

% 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

1943

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

CBD

APN/PARCEL ID

WHAV-000035-000081

ASK ABOUT THIS PROPERTY

Peter CocolarasCoco PropertiesMore Info
475-234-0272

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Peter CocolarasCoco PropertiesMore Info
475-234-0272

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