MLS® ID: 170252303

151 Fitch Street

New Haven, Connecticut, 06515

$1,870,000 Active
  • 12880 SQFT
Student Housing / Young Professional Suites Excellent Cash Flow - Located 1/3 of Mile (5 Min Walk) to SCSU (Southern CT State University). 6 Houses/Townhouses Rented as 24 Private Suites – Mix of Studios, 1 Bed, and 2 Bed Suites all with Private Baths and some Kitchenettes. Suites have a Central Shared Kitchen and Living Room. All Furnished Living Rooms and Optional Furnished Bedrooms. All Units Updated with new Kitchens, Baths, Wood/Laminate Flooring, and Freshly Painted. All new Heating Systems in 4 of the 6 Buildings. Unit Amenities in 4 of 6 Buildings Include Small Gym, Rec Area with Pool Table, Study/Conference Room, Movie Theater Room, Laundry Room and Storage Space. Total Livable Area is 14,440 SF with Gross Area Totaling 19,884 SF to Include Basement Amenities. Tenant Mix Consists of Approximately 47% Students, 28% Young Professionals, 14% Amazon Employees and 11% Local Work Force. Now that Construction & Renovations have been Completed, there is Strong Potential for 100% Student Housing Occupancy in the Fall of 2020. Actual CAP Rate of 8.9% with an ROI of 16.8%. Financial Analysis with Rent Roll will be Released Upon Receipt of Signed Confidentiality Agreement.
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Listing courtesy of Broder Commercial, LLC

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    06515
  • Office name
    Broder Commercial, LLC
  • SQFT
    12880
  • Bedrooms
    0
  • Property type
    Multi-Family For Sale
  • Zoning type
    RM1
  • Elementary school
    Per Board of Ed
  • Junior high
    Per Board of Ed
  • High school
    Per Board of Ed
  • Year built
    1900
  • Lot size
    0.5000
  • Heating
    Baseboard,Hot Water
  • Tax year
    July 2019-June 2020
  • Agent name
    Sandy Strickling
  • Tax amount
    $ 15795.0
  • Purchase Type
    Active
  • Price Range
    $1.75m-$2m
  • Square Feet Range
    7000+ sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    BCOM01
  • Agent ID
    STRICKLS

Location

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