Investment Overview

MARCUS & MILLICHAP is pleased to present the PINE ROCK TOWNHOMES, a 100% market rate, 30-unit multifamily opportunity in Hamden, CT, operated as deed restricted student housing. Constructed in 2012 and proactively upgraded in 2022, the asset is located immediately adjacent to Southern Connecticut State University (SCSU). Pine Rock Townhomes is comprised of 30 spacious, 1,850+ square foot, townhouse-style apartments consisting of four bedrooms and three bathrooms with attached garages (27 of 30 units have garages, and the three units without garages have an additional bathroom). PINE ROCK TOWNHOMES IS LOCATED IN HAMDEN AND ON THE BORDER OF THE CITY OF NEW HAVEN. SCSU’s campus and dormitory buildings are immediately adjacent to the asset, and the subject property is also down the street, approximately one mile, from historic Westville Village. Westville is home to a deep and uniquely committed artistic community, featuring critically acclaimed galleries, lively music and theater scene, scores of talented visual and performing artists, a wide range of year-round cultural events and programming, as well as one-of-a-kind cafes & restaurants, boutiques, salons, spas and more.