Listing Summary
VALUE-ADD OPPORTUNITY IN PRIME ASYLUM HILL LOCATION! Bring new life to these classic brick buildings-5 solid multifamily structures plus a vacant lot with gated, shared parking in the rear
Full Description
Substantial 5-Building Multifamily Campus in Asylum Hill – Value-Add Opportunity
Lee & Associates is pleased to present a rarely available investment portfolio consisting of five classic brick multifamily structures and a supplementary vacant lot, forming a unified campus in the prime Asylum Hill neighborhood. This offering is tailored for investors seeking both immediate returns and considerable upside.
Property Details:
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Unit Mix: Diverse configuration, including studios, 1-bedrooms, 2-bedrooms, and large 3-bedroom townhome-style units (many with 2 full baths).
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Condition: Excellent structure with essential system updates. Features include newer boilers, hot water heaters, and updated electrical infrastructure with subpanels in every unit.
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Income Strategy: Approximately 25-30 units have been recently updated with modern finishes, establishing a base income. The remaining units provide immediate value-add opportunities to significantly increase rental revenue.
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Amenities: On-site management office, dedicated laundry rooms in each building, and gated shared parking in the rear.
Acquire a scalable, centrally located asset perfectly positioned for repositioning and long-term cash flow in an expanding urban environment.
Quick Glance
- Listing ID:
CL-Connecticut-27129
- Status:
Active
- Year Build:
1968
- Building Size:
12,128 SqFt
- Lot Size:
9,583.00 Acre