190 Pine Rock Avenue

Hamden, CT 06514 Directions
$8,800,000
  • 60,417Sqft
  • 2.24Acres
  • 2012Built
  • $146Price/Sqft

Property Highlights

  • Days on Market: 90
  • MLS: 170358697

Property Highlights

  • Days on Market: 90
  • MLS: 170358697

We are pleased to present for purchase this 30-unit 120 bed student housing complex, located at 190 Pine Rock Avenue, Hamden, CT. The +/- 2.24 acre site is improved with 6 buildings, totaling +/- 60, 417 square feet. The property is adjacent to Southern Connecticut State University (7, 962 total undergraduate enrollment). The apartments are townhouse style comprised of 4 bedrooms, 3 full bathrooms, 2-car garage and 2-car driveway. The units are fully furnished including kitchen appliances, washer and dryer. The property was developed in 2012, zoned as a student housing deal and has been well-occupied since inception. Projected gross income...

Property Highlights

  • Days on Market: 90
  • MLS: 170358697

We are pleased to present for purchase this 30-unit 120 bed student housing complex, located at 190 Pine Rock Avenue, Hamden, CT. The +/- 2.24 acre site is improved with 6 buildings, totaling +/- 60, 417 square feet. The property is adjacent to Southern Connecticut State University (7, 962 total undergraduate enrollment). The apartments are townhouse style comprised of 4 bedrooms, 3 full bathrooms, 2-car garage and 2-car driveway. The units are fully furnished including kitchen appliances, washer and dryer. The property was developed in 2012, zoned as a student housing deal and has been well-occupied since inception. Projected gross income for 2021-2022 is +/- $1, 044, 000 and will generate a projected Net Operating Income (NOI) of +/- $645, 000 = 7.3% CAP Rate.

We are pleased to present for purchase this 30-unit 120 bed student housing complex, located at 190 Pine Rock Avenue, Hamden, CT. The +/- 2.24 acre site is improved with 6 buildings, totaling +/- 60, 417 square feet. The property is adjacent to Southern Connecticut State University (7, 962 total undergraduate enrollment). The apartments are townhouse style comprised of 4 bedrooms, 3 full bathrooms, 2-car garage and 2-car driveway. The units are fully furnished including kitchen appliances, washer and dryer. The property was developed in 2012, zoned as a student housing deal and has been well-occupied since inception. Projected gross income for 2021-2022 is +/- $1, 044, 000 and will generate a projected Net Operating Income (NOI) of +/- $645, 000 = 7.3% CAP Rate.

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  • Additional Information
    • Area Type: Other
    • Gross Income: 1008000
    • Living Area SqFt: 60,417
    • Sewer: Public Sewer Connected
    • Tax Amount: $258,388
    • Tax Year: July 2020-June 2021
    • Utilities Available: Electric
    • Year Built: 2012

Listing Courtesy of Calcagni Real Estate.

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