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295 Elm Street

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Address: 295 Elm St, West Haven, CT 06516, USA

New York & Tri-State + Apartment Buildings

Created date: July 29, 2024

Date last updated: September 28, 2024

Value-Add Opportunity
In-place Average Rents are $128 Below Highest Achieved
Recent Capital Improvements
Proximate to Universities, Hospitals, and Employment Centers
Yale, University of New Haven, Yale Hospital, and The VA Hospital are all within a 10-minute drive
Ideal Commuter Location

Property Description

Northeast Private Client Group is pleased to exclusively present for sale Elm Street Apartments, a 40-Unit Multifamily Property located at 295 Elm Street in West Haven, CT. Elm Street Apartments is comprised of eighteen (18) Studio apartments, eighteen (18) 1-Bedroom apartments, two (2) 2-Bedroom apartments, and two (2) 3-Bedroom apartments. Renter amenities include off-street parking, laundry hook-ups, and luxury finishes. Elm Street Apartments Apartments presents a value-add opportunity, with $6,762 in monthly loss to lease to market rents. Current ownership has renovated the majority of the units. Conveniently located, Elm Street Apartments is within walking distance to a myriad of dining options, 0.8 miles to The VA Hospital, and 1 mile to the New Haven line. It is also just 0.5 miles from a Route 95 on-ramp and 1 mile to the West Haven Metro North train station.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$5,495,000
No. of Units:	40
Year Built:	1960
Lot Size:	0.58 Sq ft
Opportunity Zone:	No
Price per unit:	$137,375
Property Website	Click Here