Manila Avenue Apartments 5 Manila Ave 16 Unit Apartment Building $3,050,000 ($190,625/Unit) 5.96% Cap Rate Hamden, CT 06514
EXECUTIVE SUMMARY
NGI Asset Management is pleased to present The Manila Avenue Apartments located at 5 Manila Ave, Hamden, CT. The Manila Avenue Apartments is a 16-unit apartment complex built in 2019. Being only 5 years old, the property has no capital expenditure necessary and is a turnkey, cash-flowing asset.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $3,050,000 |
| Price Per Unit | $190,625 |
| Sale Type | Investment |
| Cap Rate | 5.96% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 11,086 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2019 |
| Parking Ratio | 1.53/1,000 SF |
| Zoning | T4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 4 | - | - |
1 of 1
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | HAMD-002326-000367 | Total Assessment | $805,000 |
| Land Assessment | $134,400 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $670,600 | Tax Year | 2024 |
CONTACT
-
Paul Dedvukaj -
NGI Asset Management
