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Vernon Gardens 695 Talcottville Rd 152 Unit Apartment Building $13,333,333 ($87,719/Unit) 3% Cap Rate Vernon, CT 06066



Investment Highlights
- needs alot of work
Executive Summary
1965
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $13,333,333 | Building Class | B |
| Price Per Unit | $87,719 | Lot Size | 31.23 AC |
| Sale Type | Investment | Building Size | 143,000 SF |
| Cap Rate | 3% | Average Occupancy | 84% |
| No. Units | 152 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1965/1975 |
| Property Subtype | Apartment | Parking Ratio | 2.45/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | 19 PRD - multifamily | ||
| Price | $13,333,333 |
| Price Per Unit | $87,719 |
| Sale Type | Investment |
| Cap Rate | 3% |
| No. Units | 152 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 31.23 AC |
| Building Size | 143,000 SF |
| Average Occupancy | 84% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/1975 |
| Parking Ratio | 2.45/1,000 SF |
| Zoning | 19 PRD - multifamily |
Amenities
- Smoke Detector
Unit Amenities
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Oven
Site Amenities
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 102 | $1,350 | 400 - 795 |
| 1+1 | 26 | $1,400 | 680 - 1,000 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | VERN-000007-000002-000004 | Total Assessment | $7,980,430 |
| Land Assessment | $1,276,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $6,703,630 | Tax Year | 2025 |
Property Taxes
Parcel Number
VERN-000007-000002-000004
Land Assessment
$1,276,800
Improvements Assessment
$6,703,630
Total Assessment
$7,980,430
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
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Photos
Street View
Street
Map
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Contact the Sale Advisor
Vernon Gardens | 695 Talcottville Rd
