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12-20 Knox St Ct 8 Unit Apartment Building $1,250,000 ($156,250/Unit) Manchester, CT 06040
INVESTMENT HIGHLIGHTS
- Ample onsite parking
- Pitched Asphalt Shingle Roofs
- Pitched Asphalt Shingle Roofs
- Full Basements with onsite laundry
- Individual circuit panels for each apartment
EXECUTIVE SUMMARY
Knox Place Apartments is located within central Manchester in close proximity to the center of town and has an ease of
access to Interstate 84.
The two side by side four unit buildings contain 8 two bedroom apartments. Four of these apartments have
been gut renovated as units turned with new kitchens, high quaility unit finishes and new bathroom fixtures.
These apartments stay in high demand maintaining a 100% occupancy level.
Apartments are rented with resident paid individual gas heat and hot water
The property is priced for a 7.5% Cap Rate from the start with additional upside growth as the four long time residents turn over and their apartments are available for updates and significanly higher rents to match the four fully renovated units
Seller is agent related entity
access to Interstate 84.
The two side by side four unit buildings contain 8 two bedroom apartments. Four of these apartments have
been gut renovated as units turned with new kitchens, high quaility unit finishes and new bathroom fixtures.
These apartments stay in high demand maintaining a 100% occupancy level.
Apartments are rented with resident paid individual gas heat and hot water
The property is priced for a 7.5% Cap Rate from the start with additional upside growth as the four long time residents turn over and their apartments are available for updates and significanly higher rents to match the four fully renovated units
Seller is agent related entity
PROPERTY FACTS
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $156,250 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 7,208 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1906/2024 |
| Apartment Style | Low-Rise | ||
| Zoning | RC - Residential zone | ||
| Price | $1,250,000 |
| Price Per Unit | $156,250 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 7,208 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1906/2024 |
| Zoning | RC - Residential zone |
AMENITIES
UNIT AMENITIES
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 901 |
1 1
Walk Score®
Very Walkable (80)
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12-20 Knox St Ct
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