This Multifamily Property is Off-Market.

1 Colonial Drive
Rocky Hill, CT 06067 ·

5 Units · Multifamily For Sale

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Parsons Village & Ferry Landing

Price N/A Property Sub-type
Garden/Low-Rise
More...
  • Mid/High-Rise
No. Units 5 Property Use Type Investment
Building Size 3,198 SF Cap Rate 8.10%
Property Type Multifamily
Listing ID: 17909854 Date Created: 11/09/2012 Last Updated: 08/05/2014

Description

Rarely available five condo package in Rocky Hill CT. Superb location. Always rented, all long term tenants. Rents are currently well below market with month to month leases and will give new owner tremendous upside on income. A 9.6 cap rate at market rents. Three 1 bedroom units and one studio in Parsons Village and one 1 bedroom unit in Ferry Landing. Both communities are very well maintained and ideally located.

Rocky Hill, CT

Highlights

  • Rarely Available Rocky Hill Income Property.
  • Five Condominium Units Always Rented
  • Rents Well Below Market. Opportunity To Increase Income.
  • 9.6 Cap Rate at Market Rents
  • Well Maintained, Desirable Communities.

Research

1 Colonial Drive, Rocky Hill, CT 06067 (Hartford County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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