NEWLY LISTED
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$4,000,000 USD
40-44 Briarwood Lane
Branford, Connecticut 06405
USA
Branford, Connecticut 06405
USA
1,737.694 m2 ::
18,705 sqft
Commercial for Sale, Multi-Family Home
Sale price per sqm: 2,301.83
Tax: 24,659 USD
Remarks:
Welcome to the Evergreen Court Apartments - an 18-unit brick garden-style community in Branford's thriving shoreline rental market! This well-maintained three-story building features a great unit mix of 15 two-bedrooms and 3 one-bedrooms, with interiors updated throughout the years - bright kitchens, refreshed baths, and modern finishes that command solid Class-B rents! All tenant-paid electric utilities contribute to a lean expense profile and make for a clean, easy-to-operate asset. Find upside ahead through continued unit upgrades, mark-to-market on remaining below-market rents, and the opportunity to add outdoor amenities like a dog park, patio, or resident gathering space. Coin-op laundry, basement tenant storage, and two parking spots per unit round out the appeal! Tenants love the quiet residential setting on over 3 acres, with direct I-95 access, Metro-North Shore Line East rail nearby, and a short drive to New Haven, Yale, and shoreline employment hubs. Plus, it's a mile to the beach and less than two to Branford Green! Branford's historically low vacancy and durable renter base make this a fantastic addition to any portfolio.
Features:
- Year Built: 1969
Location:
40-44 Briarwood Lane, Branford, Connecticut 06405, USA
Listed By CENTURY 21 AllPoints Realty
The Commercial for Sale, Multi-Family Home located at 40-44 Briarwood Lane, Branford, Connecticut 06405, USA is currently for sale. 40-44 Briarwood Lane, Branford, Connecticut 06405, USA is listed for $4,000,000 USD. This property has 18,705 sqft. If the property located at 40-44 Briarwood Lane, Branford, Connecticut 06405, USA isn't what you're looking for, search Connecticut Real Estate to see other Commercial For Sale in Branford.
