This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

965 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

66-68 Read St

6 Unit Apartment Building $970,000 ($161,667/Unit) 9.38% Cap Rate New Haven, CT 06511

Apartment Buildings Connecticut New Haven 66-68 Read St, New Haven, CT 06511

Investment Highlights

  • Easy Walkability
  • Off Street Parking | Tenant Paid Utilities
  • Recent Capital Improvements to Exterior & Interior

Executive Summary

This is a 6-Unit Multifamily property nestled in the Newhallville neighborhood of New Haven. It is a short distance from Yale University, Albertus Magnus School, Downtown New Haven and major metropolitan transportation hubs like I-95, and New Haven MTA Station. New Haven is a strong renter market with growth in population, development and rents across the city. All tenants are responsible for their own utilities. The building has off street parking and has seen capital improvements to the exterior and interior of the property.

Attachments

OM - 66 Read St. New Haven

Financial Summary (Actual - 2023) 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

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $970,000 Building Class C
Price Per Unit $161,667 Lot Size 0.21 AC
Sale Type Investment Building Size 5,568 SF
Cap Rate 9.38% Average Occupancy 100%
Gross Rent Multiplier 7.32 No. Stories 3
No. Units 6 Year Built/Renovated 1910/2021
Property Type Multifamily Parking Ratio 1.26/1,000 SF
Property Subtype
Apartment
  • Multifamily Dormitory
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Low Rise
Price $970,000
Price Per Unit $161,667
Sale Type Investment
Cap Rate 9.38%
Gross Rent Multiplier 7.32
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.21 AC
Building Size 5,568 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1910/2021
Parking Ratio 1.26/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Heating
  • Hardwood Floors
  • Deck
  • Family Room

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 6 $1,900 1,000
1 of 1
Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number NHVN-000253-000506-000800 Total Assessment $337,400 (2024)
Land Assessment $37,730 (2024) Annual Taxes ($1) ($0.00/SF)
Improvements Assessment $299,670 (2024) Tax Year 2023

PROPERTY TAXES

Parcel Number
NHVN-000253-000506-000800
Land Assessment
$37,730 (2024)
Improvements Assessment
$299,670 (2024)
Total Assessment
$337,400 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code RM1
RM1
(203) 273-5256

Contacts

  • Listing ID: 34225035

  • Date on Market: 12/17/2024

  • Last Updated:

  • Address: 66-68 Read St, New Haven, CT 06511

More public record information on 66-68 Read St, New Haven, CT 06511

The New Haven Multifamily Property at 66-68 Read St, New Haven, CT 06511 is currently available. Contact USMF for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/11
66-68 Read St, New Haven, CT for sale Building Photo- Image 1 of 11
Screenshot 2024-09-25 165436
66-68 Read St, New Haven, CT for sale Building Photo- Image 2 of 11
IMG_6684
66-68 Read St, New Haven, CT for sale Building Photo- Image 3 of 11
IMG_6685
66-68 Read St, New Haven, CT for sale Building Photo- Image 4 of 11
IMG_6687
66-68 Read St, New Haven, CT for sale Building Photo- Image 5 of 11
IMG_6688
66-68 Read St, New Haven, CT for sale Building Photo- Image 6 of 11
IMG_6693
66-68 Read St, New Haven, CT for sale Building Photo- Image 7 of 11
IMG_6695
66-68 Read St, New Haven, CT for sale Building Photo- Image 8 of 11
Screenshot 2024-09-25 165412
66-68 Read St, New Haven, CT for sale Building Photo- Image 9 of 11
Building Photo
66-68 Read St, New Haven, CT for sale Primary Photo- Image 10 of 11
Primary Photo

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

66-68 Read St
(203) 273-5256 x

66-68 Read St

1/2

Mallory Chila

(203) 273-5256

(203) 273-5256

Ian Rawlinson

(203) 273-5256

(203) 273-5256

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link