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highland Apartments 97 Highland St 6 Unit Apartment Building $955,000 ($159,167/Unit) 5.99% Cap Rate West Haven, CT 06516
INVESTMENT HIGHLIGHTS
- Great Commuter Location
- Brick Construction | Off Street Parking
- Large Layouts | 1, 2 & 3 Bedrooms
EXECUTIVE SUMMARY
USMF is proud to exclusively present Highland Apartments. This 6-unit building is a prime investment opportunity with great upside. Currently rents are 25%-35% below the market average. All units are responsible for their own utilities. The building is brick with a minimal maintenance overhead due to recent capital improvements including floor, walls, kitchens & bathrooms. West Haven is a neighborhood that has seen great appeal to new investors looking to capitalize on New Havens growing economy. The property is situated just off of I-95 and is in proximity to West Haven MTA Station and an easy commute downtown New Haven.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
| Price | $955,000 | Apartment Style | Low-Rise |
| Price Per Unit | $159,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 5.99% | Building Size | 5,550 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1960/2012 |
| Zoning | R3 - Residential | ||
| Price | $955,000 |
| Price Per Unit | $159,167 |
| Sale Type | Investment |
| Cap Rate | 5.99% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 5,550 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1960/2012 |
| Zoning | R3 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,000 | 650 |
| 2+1 | 2 | $1,350 | 950 |
| 3+1 | 3 | $1,725 | 1,000 - 1,100 |
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Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | WHAV-000048-000214 | Total Assessment | $511,000 (2025) |
| Land Assessment | $67,830 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $443,170 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
WHAV-000048-000214
Land Assessment
$67,830 (2025)
Improvements Assessment
$443,170 (2025)
Total Assessment
$511,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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highland Apartments | 97 Highland St
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