Property Description

New construction four-unit townhome asset totaling approximately 10,000 gross square feet, offered as a single investment property. The owner is a reputable local builder and is seeking a market-value sale to a landlord owner or investor. A condominium association has not been created. Property will transfer as one asset. A future condo conversion remains an optional upside strategy, but is not required for ownership or operation - offering flexible exit options. The building consists of four modern townhome units, each approximately 2,500 SF, configured as 4 bedrooms and 3.1 bathrooms. Every unit includes a private one-car garage, private deck, and high-end interior finishes designed for durability and long-term rental performance. All units are separately metered, supporting efficient expense allocation and clean operations. Interiors feature hardwood flooring, tile bathrooms, central air conditioning, stainless steel appliances, and in-unit washer and dryer. The property includes three on-site guest parking spaces in addition to garages, as well as a bike rack, enhancing tenant usability and urban appeal. Construction quality is strong throughout, positioning the asset as a low-maintenance long-term hold. Properties of this quality and scale rarely come to market in New Haven. Taxes will be phased in for the first 5 years. 7 Minutes to SCSU, 10 Minutes to Yale, 11 Minutes to UNH. Projected rents $4,250-4,500/month. Comps for individual condos support +-$600,000/unit.

Property Features

Local Schools