864 S Main St, Beacon Falls, CT 06403
Stabilized manufactured housing community with 60 rentable units, including manufactured housing sites, apartments, and commercial units.
Property Features for 864 S Main St
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Investment Insights
Based on property information with market context.
The property is located along Connecticut Route 8 at 864 South Main Street in Beacon Falls, Connecticut, within New Haven County and the New Haven–Milford Metropolitan Statistical Area. The location provides residents convenient access to nearby employment centers across the broader region.
Current operations indicate approximately $527,927 in annual revenue and $347,883 in Net Operating Income, supported by full occupancy. Projections based on modest annual lot rent increases target average lot rents of approximately $766 per month by Year 3, with projected revenue of roughly $585,308 and Net Operating Income increasing to approximately $388,750.
Key Highlights
- Stabilized 60‑site manufactured housing community at 864 South Main Street, Beacon Falls, CT (New Haven County).
- 60 total rentable units on ~5.5 acres: 55 manufactured housing sites, 3 apartment units, and 2 commercial units.
- Currently 98% occupied in the manufactured housing component with 54 tenant‑owned homes; 1 home under rehab assumed to reach rent‑ready status for 100% occupancy.
Property Analytics
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Trade Area within ½ mile
Demographics for 06403, CT
Market
Vacancy Rate% for Multifamily in Northeast region