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Winchester Avenue Apartment 694 Winchester Ave 3 Unit Apartment Building $744,390 CAD ($248,130 CAD/Unit) 5.97% Cap Rate New Haven, CT 06511
INVESTMENT HIGHLIGHTS
- Highly Walkable Community
- Recent Capital Improvements
- Major Artery to Downtown
EXECUTIVE SUMMARY
USMF is pleased to present Winchester Apartments. A 3-Unit Multifamily Property where tenants pay utilities. Rents are currently 20-40% below market allowing the future investors to capitalize on the value add opportunity. The area high strong renter demand with low vacancy rate. There have been recent capital improvements including but not limited to a new roof, windows, flooring and mechanical systems. The property is in proximity to Yale University, downtown New Haven, numerous restaurants, I-91, I-95 & New Haven MTA Station.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$73,612
|
$10.19
|
| Other Income |
$1,654
|
$0.23
|
| Vacancy Loss |
$3,681
|
$0.51
|
| Effective Gross Income |
$71,586
|
$9.91
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$27,167
|
$3.76
|
| Net Operating Income |
$44,418
|
$6.15
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $73,612 |
| Annual Per SF | $10.19 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,654 |
| Annual Per SF | $0.23 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,681 |
| Annual Per SF | $0.51 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $71,586 |
| Annual Per SF | $9.91 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,167 |
| Annual Per SF | $3.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $44,418 |
| Annual Per SF | $6.15 |
PROPERTY FACTS
| Price | $744,390 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $248,130 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.97% | Building Size | 7,227 SF |
| Gross Rent Multiplier | 10 | No. Stories | 3 |
| No. Units | 3 | Year Built | 1920 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | RM2 | ||
| Price | $744,390 CAD |
| Price Per Unit | $248,130 CAD |
| Sale Type | Investment |
| Cap Rate | 5.97% |
| Gross Rent Multiplier | 10 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 7,227 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | RM2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
1 1
Bike Score®
Very Bikeable (84)
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Winchester Avenue Apartment | 694 Winchester Ave
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