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Address
190 Pine Rock Avenue Hamden Connecticut 06514
Building/Land Information
Property Type
Multifamily
Property Subtype
Low-Rise/Garden
Property Classification Description
Student Housing
Zoning
Student Housing
Lot Size Acres
2.24
Census Tract
165700
190 Pine Rock Avenue, Hamden, CT 06514 30-unit Student Housing Complex For Sale - $8,800,000
Sale Price Dollars
$8,800,000.00
Market
New Haven
Most Recent Sales Information+-
Assessed Building Value
4,433,310
Location Description
30-unit 120 bed student housing complex, located at 190 Pine Rock Avenue, Hamden, CT. The +/- 2.24 acre site is improved with 6 buildings, totaling +/- 60,417 square feet. The property is adjacent to Southern Connecticut State University (7,962 total undergraduate enrollment). The apartments are townhouse style comprised of 4 bedrooms, 3 full bathrooms, 2-car garage and 2-car driveway. The units are fully furnished including kitchen appliances, washer and dryer. The property was developed in 2012, zoned as a student housing deal and has been well-occupied since inception. Projected gross income for 2021-2022 is +/- $1,044,000 and will generate a projected Net Operating Income (NOI) of +/- $645,000 = 7.3% CAP Rate.
Sale Information +-
Sale Highlights
We are pleased to present for purchase this 30-unit 120 bed student housing complex, located at 190 Pine Rock Avenue, Hamden, CT. The +/- 2.24 acre site is improved with 6 buildings, totaling +/- 60,417 square feet. The property is adjacent to Southern Connecticut State University (7,962 total undergraduate enrollment). The apartments are townhouse style comprised of 4 bedrooms, 3 full bathrooms, 2-car garage and 2-car driveway. The units are fully furnished including kitchen appliances, washer and dryer. The property was developed in 2012, zoned as a student housing deal and has been well-occupied since inception. Projected gross income for 2021-2022 is +/- $1,044,000 and will generate a projected Net Operating Income (NOI) of +/- $645,000 = 7.3% CAP Rate.
Number of Lots
1
Property Use
Investment
Commission %
1.00
