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New construction four-unit townhome asset totaling approximately 10, 000 gross square feet, offered as a single investment property. The owner is a reputable local builder and is seeking a market-value sale to a landlord owner or investor. A condominium association has not been created. Property will transfer as one asset. A future condo conversion remains an optional upside strategy, but is not required for ownership or operation - offering flexible exit options. The building consists of four modern townhome units, each approximately 2, 500 SF, configured as 4 bedrooms and 3. 1 bathrooms. Every unit includes a private one-car garage, private deck, and high-end interior finishes designed for durability and long-term rental performance. All units are separately metered, supporting efficient expense allocation and clean operations. Interiors feature hardwood flooring, tile bathrooms, central air conditioning, stainless steel appliances, and in-unit washer and dryer. The property includes three on-site guest parking spaces in addition to garages, as well as a bike rack, enhancing tenant usability and urban appeal. Construction quality is strong throughout, positioning the asset as a low-maintenance long-term hold. Properties of this quality and scale rarely come to market in New Haven. Taxes will be phased in for the first 5 years. 7 Minutes to SCSU, 10 Minutes to Yale, 11 Minutes to UNH. Projected rents $4, 250-4, 500/month.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,400,000 | $1,400,000 | $1,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $171 | $171 | $171 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,840 | $8,507 | $11,720 |
| Total Monthly Payment | $8,136 | $8,803 | $12,016 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.