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686 Quinnipiac Ave
New Haven, CT 06513
28 E Grand Avenue and 686 Quinnipiac Avenue · Multifamily Property For Sale
·
10 Units
PROPERTY FACTS
| No. Units | 10 | Building Size | 11,298 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1870 |
| Building Class | C | Parking Ratio | 1.77/1,000 SF |
| Lot Size | 0.27 AC | ||
| Zoning | RM1 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 11,298 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1870 |
| Parking Ratio | 1.77/1,000 SF |
| Zoning | RM1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Carpet
- Loft Layout
ABOUT 686 QUINNIPIAC AVE , NEW HAVEN, CT 06513
Marcus & Millichap is pleased to present the opportunity to acquire 28 East Grand Avenue and 686 Quinnipiac Avenue in the Fair Haven Heights neighborhood of New Haven. The properties are two separate tax lots which are contiguous with abutting lot lines in the rear of each parcel. 28 East Grand Avenue features seven apartments and one retail suite occupied by an operator that has been in this location for 15 years and counting. The unique residences feature high ceilings, water views, lofted, two-story layouts, and attractive, over-sized floor plans. Tenants (residential and commercial) are responsible for gas providing forced air heat and hot water. Tenants are also responsible for individual electricity which provides central air conditioning. The building located at 686 Quinnipiac Avenue is a two-family home that consists of a two-bedroom / two-bath lofted apartment above a deli-grocery store. Tenants in 686 Quinnipiac Avenue are responsible for individual electricity and oil providing heat and hot water. Tenants also pay for their own cooking gas. Both buildings have been very well maintained. Apartments were significantly renovated to feature updated kitchens with stainless appliances; refinished bathrooms with marble-tiled showers, new vanities, and modern lighting; refinished hardwood floors plus updated vinyl or tiled flooring; and central air conditioning was added throughout. The buildings also received new roofs, a new coin operated laundry room, updated security system, and a shared parking lot that was re-graded and landscaped. These numerous upgrades were meticulously completed over the last three years.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 766 |
| 2+1 | 3 | - | 1,162 |
| 2+2 | 1 | - | 1,162 |
PROPERTY TAXES
| Parcel Number | NHVN-000098-001012-000400 | Improvements Assessment | $410,060 |
| Land Assessment | $116,690 | Total Assessment | $526,750 |
PROPERTY TAXES
