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Brookfield Apartments 5 Brookside Ln 14 Unit Apartment Building $2,840,000 ($202,857/Unit) 6% Cap Rate Woodstock, CT 06281
INVESTMENT HIGHLIGHTS
- Exceptional pride of ownership is evident in this rare opportunity to acquire a 14-unit multifamily asset that is 100% occupied
EXECUTIVE SUMMARY
Lisa Cozzi of The Lisa Cozzi Team is proud to offer this exceptional pride of ownership is evident in this rare opportunity to acquire a 14-unit multifamily asset in Woodstock, CT, with the option to combine with an additional 14 units at Pinecrest Apartments for portfolio sale. Built in 1987, the property features tenant-paid utilities with individual hot water heaters and electrical subpanels in every unit-supporting efficient operations and strong, consistent cash flow. The asset consists of 13 townhouse-style units and one garden unit with an attractive unit mix: (4) 1BR/1BA, (4) 1BR/1.5BA, (2) 2BR/1BA, and (4) 2BR/1.5BA. Ownership has invested significant capital upgrading units with premium finishes including granite countertops, shaker cabinetry, modern backsplashes, wide-plank flooring, and stainless-steel appliances. Tenant amenities include one garage per unit, ample off-street parking, private porches, built-in wall A/C sleeves, and four EV charging stations (8 plugs). Eight units offer in-unit washer/dryer hookups; remaining units are served by newly installed coin-operated laundry. Five storage units are located in the common laundry area, three of which present additional income potential. Strong occupancy, extensive capital improvements, and a low-maintenance operating profile make this a turn-key investment offering durable returns and long-term upside. Please do not visit the asset without the Listing Agent. No Seller Financing. Buyer needs to have POF for acquisition or POF for down payment.
PROPERTY FACTS
| Price | $2,840,000 | Building Class | C |
| Price Per Unit | $202,857 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 10,908 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1987/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | R | ||
| Price | $2,840,000 |
| Price Per Unit | $202,857 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 10,908 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2022 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | R |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Washer/Dryer Hookup
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Family Room
- Porch
SITE AMENITIES
- Recycling
- Car Charging Station
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,550 | - |
| 1+1.5 | 4 | $1,550 | - |
| 2+1 | 2 | $1,750 | - |
| 2+1.5 | 4 | $1,400 | - |
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PROPERTY TAXES
| Parcel Number | WOOD-005779-000055-000034-300000 | Improvements Assessment | $402,400 |
| Land Assessment | $83,200 | Total Assessment | $485,600 |
PROPERTY TAXES
Parcel Number
WOOD-005779-000055-000034-300000
Land Assessment
$83,200
Improvements Assessment
$402,400
Total Assessment
$485,600
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Brookfield Apartments | 5 Brookside Ln
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