Highland Apartments 43 Granite St Immeuble residentiel 31 lots 3 407 880 € (109 932 €/Lot) Taux de capitalisation 6,58 % New London, CT 06320

Northeast Private Client Group is pleased to exclusively present Highland Apartments, a 31-unit value-add apartment building located in New London, Connecticut.
Built in 1920, the property is comprised of 8 studio, one bath, 16 one bedroom, one bath, and 7 two bedroom, one bath apartments set on 0.51 acres.
Highland Apartments’ location provides immediate access to Interstates 95 & 395, the New London Union Train Station, and the New London Ferry Terminal. Additionally, it provides convenient access to local shopping, dining, nightlife, and several community parks, as well as Connecticut College, the United States Coast Guard Academy, and Lawrence Memorial Hospital.
This property presents an ideal opportunity for investors looking to acquire a stable asset with significant upside potential in a burgeoning market. A new owner will have the opportunity to improve curb appeal and amenities and continue unit renovations to capture a proven premium in the market.