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102 Stonington Rd
Norwich, CT 06360
Stonington Estates Apartments · Multifamily Property For Sale
·
71 Units
PROPERTY FACTS
| No. Units | 71 | Lot Size | 4.88 AC |
| Property Type | Multifamily | Building Size | 74,592 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2005 |
| Building Class | A | Parking Ratio | 1.58/1,000 SF |
| Zoning | GC | ||
| No. Units | 71 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 4.88 AC |
| Building Size | 74,592 SF |
| No. Stories | 3 |
| Year Built | 2005 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | GC |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Views
- Patio
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Tennis Court
- Grill
- Laundry Service
ABOUT 102 STONINGTON RD , NORWICH, CT 06360
"Class-A" property of 71 2-bedroom 850 SF apartments with full amenities, including fitness center, tennis court, laundry, vaulted ceilings, fireplaces, private balconies, and more. Building was constructed in 2005, with 40 units recently enhanced in 2016-2017 with new kitchen and appliance package, generating significant rental increases with proven upside income growth. Attractive +/- 4.48 acre site. Historically high occupancy with consistent rental growth in high demand market. The Norwich/New London area is home to such employers as Pfizer Pharmaceuticals, General Dynamics Submarine shipyard, and Foxwoods/Mohegan Sun Casinos.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 70 | - | 850 |
PROPERTY TAXES
| Parcel Number | NORW-000112-000001-000005 | Improvements Assessment | $4,783,600 |
| Land Assessment | $966,000 | Total Assessment | $5,749,600 |
PROPERTY TAXES
