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Apartments For Sale • 57,330 SF
| Recent capital improvements include updated unit interiors, updated mechanicals, new parking lots, landscaping & fencing |
| Below-market rents – opportunity to increase rents $315/month organically through renewals and new leases without renovation expense |
| 47 of 52 units are two story townhomes – average unit size 1,006 SF |
| Opportunity to increase revenue $185,000+/year by bringing rents to achieved market levels |
| Immediate scale in one of Connecticut’s best rental markets – 2.0% submarket vacancy rate and 7.0% 12 month market rent growth *CoStar |
| Tremendous access to various modes of transit – within two miles of Metro North Train Station, Bridgeport Ferry to Port Jefferson, and Interstate 95 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Bridgeport Station (New Haven Line - Shore Line East, Shore Line East - Shore Line East) | 6 min | - | 2.3 mi |
| Stratford Station (New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) | 5 min | - | 2.4 mi |
| Airport | Drive | Walk | Distance |
| Tweed/New Haven | 34 min | - | 20.9 mi |
| Westchester County | 56 min | - | 36.7 mi |
| Long Island MacArthur | 113 min | - | 36.9 mi |
