300 Main Street
Multifamily | 4.89% CAP | 10 Units
Marketing description
Northeast Private Client Group is pleased to present 300 Main Street, a 10-unit multifamily property located in West Haven, Connecticut. The property is a Tudor-style building on a corner parcel, held by the same family ownership for more than 40 years.
The property consists of 10 one-bedroom units plus an additional room rental. All units feature high ceilings, large floorplans, and hardwood floors. Eight of the ten units feature a full-size dining room. It sits minutes from the University of New Haven, the VA Connecticut medical campus, Yale, and the West Haven Metro-North station, anchoring a deep, recession-resilient base of students, medical workers, and professionals.
All qualified parties are invited to request the full offering package.
Investment highlights
- Value-Add Opportunity - In-place ~$1,157 vs. ~$1,600 pro forma; ~38% mark-to-market upside
- Below-Market Rents, Large Floorplans, Flexible Layouts - High ceilings, hardwood floors & full-size dining rooms in 8 of 10 units
- Irreplaceable Location - Minutes to University of New Haven, VA Hospital, Yale & downtown New Haven
- Durable Tenant Demand - Students, medical workers & faculty; Metro-North to NYC at West Haven Station
- Legacy Ownership, Well-Maintained Asset - 40+ years of pride of ownership; clean value-add path
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