23 Hayward Avenue
23 Hayward Avenue
$1,350,000
12
9
6,346
6,346
$213
Description
Rarely available 9 unit multifamily on Colchester town green! Currently offered at a 7% Cap Rate with a 7.6% ROI and tremendous upside! The main building has 7 units and there is a 2 unit cottage in the rear of the property. This investment opportunity boasts a historically low vacancy rate due to increasing demand for apartment rentals in local market. Current ownership has gut-renovated each unit over the past decade, while preserving some of the historical aesthetics, such as hardwood flooring...Rarely available 9 unit multifamily on Colchester town green! Currently offered at a 7% Cap Rate with a 7.6% ROI and tremendous upside! The main building has 7 units and there is a 2 unit cottage in the rear of the property. This investment opportunity boasts a historically low vacancy rate due to increasing demand for apartment rentals in local market. Current ownership has gut-renovated each unit over the past decade, while preserving some of the historical aesthetics, such as hardwood flooring and the original cupola on top of the 3rd floor penthouse apartment. Renovations include new: electrical, plumbing, insulation, roof, sewer line, energy efficient double pane windows, flooring, drywall, fire rated steel doors, wired fire alarm system, and separately metered electric. All apartments feature separate and tenant paid electric electric baseboard heat. The unit mix is (1) efficiency, (3) 1 beds, (2) 2 beds, and a large 2 bedroom penthouse apartment, approximately 1,800 SF. There are (2) 1 bedroom units in the cottage in the rear of the property. Prime downtown location next to the Town Green where community events are held regularly. Amenities can be found all around and include: restaurants, retail shopping, grocery stores, and service businesses. Very easy and convenient access to Route 2 and Route 85. Only 25 minutes to Hartford, Norwich and New London. One of a kind property, call today to schedule a private tour!
- Listed by Tyler Egner • Sky Realty GroupP: (860) 389-4223 C: (860) 389-4223 tyler.m.egner@gmail.com
Property Details for 23 Hayward Avenue
Basement Description
Full, Unfinished
Direct WaterfrontNo
Garages Number0
NeighborhoodN/A
StyleUnits on different Floors
Garage Parking InfoDriveway, On Street Parking, Off Street Parking
Swimming PoolNo
Location
LISTING UPDATED: 02/27/2024 07:17 AM
Property Details for 23 Hayward Avenue
Status | Active |
---|---|
MLS # | 170545645 |
Days on Market | 456 |
Taxes | $12,456 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / 5 Family+ |
Year Built | 1780 |
Lot Size | 0.29 AC / 12,632 SF |
County | New London County |
Location
Building Information for 23 Hayward Avenue
Stories-Residences9Year Built1780Building Size-Lot Size0.29 AC / 12,632 SF
Payment Calculator
$8,406 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 23 Hayward Avenue
Property History for 23 Hayward Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 23 Hayward Avenue
Taxable ValueLand$59,600Additions$398,000Total$457,600
Tax Record2023$12,456 ($1,038 / month)
Home Facts
Lot Size12,632 SqFtStyleMulti-Family Res (5+ Units)CountyNEW LONDONAPNCOLC M:016 B:000 L:046-000
Schools near 23 Hayward Avenue
This home is within Colchester School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 2 | |||
Public - | 3 to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Colchester Elementary School PublicPK to 2 | ||
Jack Jackter Intermediate School Public3 to 5 | ||
William J. Johnston Middle School Public6 to 8 | ||
Bacon Academy Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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