58 Old Amity Rd

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58 Old Amity Rd

Bethany, CT 06524
Asking Price
$5.50M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property is located at 58 Old Amity Rd in Bethany.
  • This multifamily apartment complex consists of 22 individual units.
  • The current asking price for this residential asset is $5,500,000.
  • Bethany serves as a suburban community within the New Haven metro area.
  • The building is suitable for investors seeking a stabilized residential asset.

What's Special

Priced at $5,500,000, this 22-unit multifamily apartment building sits at 58 Old Amity Rd in Bethany, Connecticut. The property provides a residential investment option within a quiet, growing suburban market in the New Haven metropolitan area. This location allows residents to enjoy a peaceful setting while remaining within reach of regional employment hubs and transportation corridors that define the greater Southern Connecticut economy. Institutional and private investors often target properties of this size for their ability to provide stable cash flow through rental income. Given the multifamily nature of the asset, it is well-suited for long-term hold strategies or repositioning efforts to match the current demand for rental housing. The site configuration offers functional space for tenants seeking a suburban lifestyle with proximity to local services. This building represents a manageable scale for portfolio diversification in a stable, well-established region.

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NOI
$80,000
Cap Rate
1.45%
DSCR
0.24
Underwater
Cash-on-Cash
-14.94%
Monthly Payment
$27,210.999
Annual Cash Flow
$-246,531.989

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