66-68 Read St
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66-68 Read St
6 Unit Apartment Building $1,402,203 CAD ($233,700 CAD/Unit) 9.38% Cap Rate 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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
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 | $2,747 CAD | 1,000 |
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Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | NHVN-000253-000506-000800 | Total Assessment | $482,904 CAD (2024) |
| Land Assessment | $54,001 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $428,903 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
NHVN-000253-000506-000800
Land Assessment
$54,001 CAD (2024)
Improvements Assessment
$428,903 CAD (2024)
Total Assessment
$482,904 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | RM1 |
| RM1 |
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66-68 Read St
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