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169 West Spring Street, West Haven, CT 06516 Tamarack Apartments

$2,795,000 $116,458.00 / unit
169 West Spring Street, West Haven, CT 06516

For Sale Details

$2,795,000
$116,458.00 / unit
  • Property Type Multifamily / Garden
  • Sale Type Investment
  • Status Closed
  • Created 07/10/20
  • Updated 12/16/20
  • Closed On 12/16/20
  • Closing Price $2,700,000

About 169 West Spring Street, West Haven, CT 06516

Northeast Private Client Group is pleased to present for sale Tamarack Apartments located at 169 West Spring Street in West Haven, CT, a 24 multifamily property in the Orange Ave/Meloy Road neighborhood of West Haven.

Tamarack Apartments is a 20,670 SF apartment building, consisting of twenty-four (24) one-bedroom units. The building features tenant paid utilities, thirty (30) off street parking spaces, and on-site laundry for the residents. Value add proof of concept has been demonstrated within the building with renovated units achieving a premium over non-renovated units. The property's location gives residents quick and easy access to Interstate 95 and the Route 1 Boston Post Road..

Building Details

  • Building Area (SF): 20,670
  • Year Built: 1972
  • Number of Units: 24
  • Number of Stories: 3

Land Details

  • Acreage: 0.56

Financial Characteristics

  • Effective Gross Income: $290,801
  • Operating Expenses: $97,063
  • Net Operating Income: $179,479
  • Cap Rate: 6.4%

The Multifamily / Garden property at 169 West Spring Street, West Haven, CT 06516 is currently available for sale. Contact Northeast Private Client Group from Northeast Private Client Group for more information.