Bayshore Apartments

Bayshore Apartments is conveniently located in East Haven, CT with immediate access to Interstates 95 & 91, providing quick and easy commutes to New Haven, Hartford, New London/Groton, Fairfield County, and major metropolitan areas, including Boston, New York, and Providence. Nearby in downtown New Haven are New London Train Stations (Amtrak & Metro North) providing rail access to the entire eastern seaboard with local trains to Grand Central Terminal in Midtown Manhattan. Residents are minutes from a variety of national and regional retailers and restaurants such as Stop & Shop, M&T Bank, Walgreens, KeyBank, T.J. Maxx, Chili’s Hobby Lobby, Wendy’s Home Depot, Carmax, Jersey Mikes’s, Kohl’s Big Y, The Paper Store, and GNC while Downtown New Haven boasts a vibrant community with world-class local shopping, entertainment, nightlife, and dining establishments. New Haven has a diverse arts & cultural scene, with attractions like the Yale University Art Gallery, Yale Peabody Museum, Yale Center for British Art, Connecticut Chidren’s Museum, Yale’s Beinecke Rare Book and Manuscript Library, Knights of Columbus Museum, Art & Architecture Museum, College Street Music Hall, Toad’s Place, Westville Music Bowl, Schubert Theatre, Yale Repertory Theatre, and many more. New Haven is home to Yale University, Southern Connecticut State Univeristy, Albertus Magnus, Gateway College, while University of new Haven and Quinnipiac University are in the Neighboring towns of West Haven and Hamden. New Haven is home to many major hospitals and health centers including Yale New Haven Hospital, Yale New Haven Hospital St. Raphael, VA Hospital, and Yale Health Center New Haven’s convenient location, about halfway between Boston and New York City, makes it a desirable spot for those seeking a small-city feel with access to larger metropolitan areas.Northeast Private Client Group is pleased to exclusively present Bayshore Apartments, a 40-unit value-add multifamily community located in East Haven, Connecticut. Bayshore Apartments is a brick, two building, two-story, garden style property consisting of a mix of 24 one bedroom, one bathroom apartments and 16 two bedroom, one bathroom apartments with 37,138 square feet of gross building area set on 2.39 acres. The property was built in 1973, and since 2022 ownership has invested over $500,000 in capital improvements including unit and common area upgrades, landscaping upgrades, and deck & balcony replacements. Bayshore Apartments provides immediate access to Interstates 95 & 91, Connecticut Route 15, and New Haven’s Metro North & Amtrak Train Station. The property is located within walking distance of East Haven Town Beach and several parks and restaurants, providing residents with a rare vacation-at-home lifestyle. Bayshore Apartments is located within a 15-minute drive of downtown New Haven. New Haven is a world-class city with a diverse, dynamic, and resilient employment base anchored by a burgeoning Biotech and Life Sciences Industry, Yale University, Yale New Haven Hospital, and several other universities and hospitals. New Haven offers tremendous arts, culture, nightlife, and dining opportunities as well. Bayshore Apartments presents an ideal opportunity for investors looking to acquire a stable asset with significant upside potential in an outstanding location and submarket with strong fundamentals. A new owner will have the opportunity to continue unit renovations to capture a proven renovation premium within the property, while marking existing rents to market levels, and gaining exposure to one of the most dynamic markets in the Northeast.