Peabody Place Apartments

  • Title

    Multifamily Property

  • City

    New Haven, CT

  • Price

    $2,310,000

  • Cap Rate

    5.57%

  • Gross Leasable Area

    12,255 SF

  • No. Units

    10

  • Price/SF

    $188.49

  • Price/Unit

    $231,000

  • No. Stories

    3

  • Property Type

    Multifamily

  • Year Built

    1920

  • Lot Size

    0.46 AC

Not found amenities.

Northeast Private Client Group is Pleased to present Peabody Place Apartments located in New Haven, CT.
Peabody Place is ideally located on Whitney Avenue in the desirable East Rock Neighborhood, steps to the new Yale School of Management. The building is comprised of 3 one bedroom, 4 two bedroom, and 3 three bedroom two full bath apartments. All floor plans offer generous living area. Additionally the property features a large parking area with 13 surface spaces, 10 garages, and a large commercial size garage, which are all rented for additional income. There is a coin operated laundry facility located in the basement. Tenants are responsible for their own heat and electric expense while hot water is provided by the landlord and included in the rent.
Peabody Place offers a new owner the opportunity to acquire rarely available real estate in one of New Haven’s best locations for residential rentals. The parking lot, unit sizes, and structure make this property prime for a renovation to luxury finishes and rent increases. The property is one to be held for a lifetime. The property presents effectively zero downside risk due to the irreplaceable location.

New Haven, New Haven County, CT