Built in 2024, nearly 70 occupied, and projecting a 6 cap rate, 414 Mather Street is the turnkey mixed use investment opportunity your portfolio has been waiting for.


Property

Website:https://www.nestseekers.com/5663609
Address:
414 Mather
Hamden, CT 06514
Ownership: Commercial
Type: Commercial
Area: 45552 sq ft

Financials

Price:$13,800,000
Annual Taxes:$110,313

Description

Built in 2024, nearly 70% occupied, and projecting a 6% cap rate, 414 Mather Street is the turnkey mixed-use investment opportunity your portfolio has been waiting for. The property features 37 luxury residential units and 2 retail spaces, offering an attractive mixed-use investment in a highly populated and conveniently located area. The residential component includes a desirable mix of one-bedroom, one-bathroom; two-bedroom, one-bathroom; and two-bedroom, two-bathroom residences. Each thoughtfully designed unit features high-end finishes, wide-plank flooring, nine-foot ceilings, recessed lighting, abundant natural light, and a private patio or balcony. The kitchens are appointed with quartz countertops, breakfast bars, stainless steel appliances, and custom cabinetry, while the spacious bedrooms offer generous closet space. Bathrooms feature tile flooring, extended vanities, and subway-tiled tub and shower enclosures. Every residence also includes an in-unit stackable washer and dryer. With strong lease-up activity and nearly 70% occupancy already in place, the property is currently projecting an attractive 6% cap rate. Ideally situated near the Merritt Parkway, Hamden Plaza, shopping, dining, and the Farmington Canal Heritage Trail, 414 Mather St. combines new construction, strong rental appeal, accessibility, and long-term investment potential. This is a rare opportunity to acquire one of Hamden's newest luxury multifamily assets & position your portfolio.

Amenities

  • Central Air
  • Elementary School -
  • Elevator
  • Fire Suppression System
  • High School -
  • Intermediate School -
  • Lighting
  • Living Space Available
  • Sidewalk
  • Underground Sprinkler

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Carmen Desiato of Serhant Connecticut, LLC