75 Bowen Street
Hamden Connecticut

Description:

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.

Listing Courtesy of Coldwell Banker Realty