Bay Shore Apartments 162-164 Coe Ave 40 Unit Apartment Building For Sale East Haven, CT 06512

Northeast Private Client Group is pleased to exclusively present Bayshore Apartments, a 40-unit value-add multifamily community located in East Haven, Connecticut.
Bayshore Apartments is a brick, two building, two-story, garden style property consisting of a mix of 24 one bedroom, one bathroom apartments and 16 two bedroom, one bathroom apartments with 37,138 square feet of gross building area set on 2.39 acres. The property was built in 1973, and since 2022 ownership has invested over $500,000 in capital improvements including unit and common area upgrades, landscaping upgrades, and deck & balcony replacements.
Bayshore Apartments provides immediate access to Interstates 95 & 91, Connecticut Route 15, and New Haven’s Metro North & Amtrak Train Station. The property is located within walking distance of East Haven Town Beach and several parks and restaurants, providing residents with a rare vacation-at-home lifestyle.
Bayshore Apartments is located within a 15-minute drive of downtown New Haven. New Haven is a world-class city with a diverse, dynamic, and resilient employment base anchored by a burgeoning Biotech and Life Sciences Industry, Yale University, Yale New Haven Hospital, and several other universities and hospitals. New Haven offers tremendous arts, culture, nightlife, and dining opportunities as well.
Bayshore Apartments presents an ideal opportunity for investors looking to acquire a stable asset with significant upside potential in an outstanding location and submarket with strong fundamentals. A new owner will have the opportunity to continue unit renovations to capture a proven renovation premium within the property, while marking existing rents to market levels, and gaining exposure to one of the most dynamic markets in the Northeast.