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78 Homeside Ave 22 Unit Apartment Building $3,500,000 ($159,091/Unit) 6.81% Cap Rate West Haven, CT 06516
INVESTMENT HIGHLIGHTS
- Remodeled Units
- Commuter Access
EXECUTIVE SUMMARY
A 22 unit apartment building located just minutes from UNH and the VA Hospital. Building features:
Eight- 2 Bed, Twelve- 1 Bed, Two- 3 Bed Off street parking lot On-site Laundry Basement System Unit features: - Updated
kitchen with stainless steel refrigerator and electric stove - Spacious & bright living room - Modern bathroom with full-tube
and tile surround - Spacious bedrooms flooded with natural light - Electric Heat Pro-forma available. Excellent investment
opportunity. Tenants pay all utilities. 7 vacancies allowing for quick turnover to market rent. More than 60% renovated units.
Eight- 2 Bed, Twelve- 1 Bed, Two- 3 Bed Off street parking lot On-site Laundry Basement System Unit features: - Updated
kitchen with stainless steel refrigerator and electric stove - Spacious & bright living room - Modern bathroom with full-tube
and tile surround - Spacious bedrooms flooded with natural light - Electric Heat Pro-forma available. Excellent investment
opportunity. Tenants pay all utilities. 7 vacancies allowing for quick turnover to market rent. More than 60% renovated units.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Ceiling Fans
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $1,900 | - |
| 1+1 | 12 | $1,579 | - |
| 3+1 | 2 | $2,345 | - |
1 1
PROPERTY TAXES
| Parcel Number | WHAV-000053-000130 | Total Assessment | $1,802,710 (2025) |
| Land Assessment | $385,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,417,710 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
WHAV-000053-000130
Land Assessment
$385,000 (2025)
Improvements Assessment
$1,417,710 (2025)
Total Assessment
$1,802,710 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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78 Homeside Ave
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