Approved for the construction of a multi-residential development featuring 16 units across two buildings. Potential tax reductions or incentives may be available for low-income rentals, as Hamden is encouraging such developments (buyer to verify independently). The 16-unit design is well-suited to the neighborhood and optimized for cost-effective construction. The site is on flat land, requiring minimal site work aside from some tree removal, with no ledge or rock to contend with. Expected rents for the 2-bedroom units range from $1,850 to $2,000 per month, projecting a gross annual income of $384,000 ($2,000/month per unit). The listing agent can provide the Planning and Zoning special permit, as well as site plans and drawings, upon request.
Listed by Coldwell Banker Realty, Lauren Freedman. Data sourced from SmartMLS
