15 Colby Court

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15 Colby Court

New Haven, CT 06515
Asking Price
$1.75M
Asset Type
Student Housing Multifamily
Class
Class B

What's Special

Core-Plus New Construction Multi-Family Asset with Strong Income Profile and Exit Flexibility <ul><li>​New construction 4-unit townhome asset totaling approx. 10,000 GSF</li><li>​Four identical, modern townhome-style units (~2,500 SF each)</li><li>​4 beds / 3.5 baths per unit with private garage + private deck</li><li>​Strong rental demand location near Yale, SCSU, and University of New Haven</li><li>​Separately metered utilities for efficient management and expense control</li><li>​High-quality construction with low-maintenance, long-term hold profile</li><li>​Projected gross annual inc

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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542

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