Embassy Apartments 102-116 Dwight St Immeuble residentiel 32 lots À vendre New Haven, CT 06511

Northeast Private Client Group is pleased to exclusively present Embassy Apartments, a 32-unit value-add multifamily property located in New Haven, Connecticut.
Embassy Apartments is a striking brick three-story, courtyard style building consisting of a mix of 24 one bedroom, one bathroom apartments, and 6 two bedroom, one bathroom apartments. There are 2 additional one bedroom, one bathroom apartments located on the lower-level (one has been recently remodeled and the other is currently not in occupiable condition). The building totals 24,478 square feet of building area set on 0.43 acres. The landlord is responsible for natural gas heat and hot water. Tenants are responsible for individually metered electric. The property has on-site laundry facilities for the tenants and a security system.
Embassy Apartments is located on the Yale University Shuttle Line in the Dwight Street Historic District, the property is ideally located for Yale University undergraduate and graduate students, who have historically made up the tenant base. The property is also adjacent to Downtown New Haven, Yale New Haven Hospital and Saint Raphael Campus/Adams Neuroscience Center.
New Haven is a world-class city with a diverse, dynamic, and resilient employment base anchored by a burgeoning Biotech and Life Sciences Industry, Yale University, Yale New Haven Hospital, and several other universities and hospitals. New Haven offers tremendous arts, culture, nightlife, and dining opportunities as well.
Embassy Apartments presents an ideal opportunity for investors looking to acquire a stable asset with significant upside potential in an outstanding location and submarket with strong fundamentals. A new owner will have the opportunity to complete unit and common area renovations while marking existing rents to market levels and gaining exposure to one of the most dynamic markets in the Northeast.