Whitney Avenue Apartments

  • Title

    Multifamily Property

  • City

    Hamden, CT

  • Price

    $1,200,000

  • Cap Rate

    5.02%

  • Gross Leasable Area

    7,600 SF

  • No. Units

    8

  • Occupancy

    95%

  • Price/SF

    $157.89

  • Price/Unit

    $150,000

  • No. Stories

    2

  • Property Type

    Multifamily

  • Tenancy

    Multiple

  • Year Built

    1944

  • Lot Size

    0.46 AC

Not found amenities.

Northeast Private Client Group is pleased to present 1181 Whitney Avenue, an 8 unit apartment building located on Whitney Avenue in Hamden, CT.
1181 Whitney Avenue is comprised of eight spacious, direct-entry two bedroom, one bath apartments. Seven units are townhouse style and one unit is ranch style. Each unit features a private basement area for storage and one
garage space. Tenants pay their own, heat, hot water, and electric expense.
1181 Whitney is located on Whitney Avenue on Lake Whitney and minutes from Yale’s main campus and East Rock’s shopping and dining amenities. Some of the apartments have been updated and feature granite counters and stainless appliances. The building has had many recent capital improvements including a new roof, new furnaces, and new electrical panels. The property is
very well maintained and features little deferred maintenance.
1181 Whitney Avenue provides a new owner the rare opportunity to own eight apartments in close proximity to Yale and East Rock. Current rents at the property average just $1,150/month while two bedrooms at the neighboring building are renting for over $1,400/month providing a new owner the ability to increase cashflow in the near-term by raising rents to current market levels.
Hamden, New Haven County, CT