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3936 Whitney Ave 6 Unit Apartment Building $1,200,000 ($200,000/Unit) 7.99% Cap Rate Hamden, CT 06518
INVESTMENT HIGHLIGHTS
- The ground floor retail space includes 3 individual units with an additional shared lounge.
- Amazing bucolic views are visible at the front of the property.
- PROPERTY HIGHLIGHTS Mixed-Use Investment 1 Retail Unit 6 Apartments Fronting Route 10 Signalized Intersection 23,000 VPD
- The property has grossed a steady income of $95,882. at full occupancy.
- Nature trails for walking and cycling surround the building.
EXECUTIVE SUMMARY
Coldwell Banker Commercial NRT presents for sale 3936 Whitney Avenue, located in Hamden, Connecticut. This 6,820 SF Mixed-Use property consists of one ground-floor retail unit and six apartments. Located on a half-acre at a signalized intersection, this high-visibility property has a traffic count of 23,000 vehicles per day. An excellent value-add opportunity for an investor, with vacant retail space and apartments leased below market rate.
PROPERTY FACTS
| Price | $1,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 7.99% | Building Size | 6,820 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | ||
| Zoning | T3.5 | ||
| Price | $1,200,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 7.99% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 6,820 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | T3.5 |
AMENITIES
SITE AMENITIES
- On-Site Retail
PROPERTY TAXES
| Parcel Number | HAMD-003329-000055 | Improvements Assessment | $138,670 |
| Land Assessment | $277,900 | Total Assessment | $416,570 |
PROPERTY TAXES
Parcel Number
HAMD-003329-000055
Land Assessment
$277,900
Improvements Assessment
$138,670
Total Assessment
$416,570
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3936 Whitney Ave
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