40-44 Briarwood
Branford, CT 06405

Property

Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 33 BR
Bathrooms: 18
Area: 18705 sq ft

Financials

Price:$4,000,000
Annual Taxes:$24,659
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Lisa Cozzi of Century 21 AllPoints Realty

Welcome to the Evergreen Court Apartments an 18 unit brick garden style community in Branford's thriving shoreline rental market !

Description

Welcome to the Evergreen Court Apartments - an 18-unit brick garden-style community in Branford's thriving shoreline rental market! This well-maintained three-story building features a great unit mix of 15 two-bedrooms and 3 one-bedrooms, with interiors updated throughout the years - bright kitchens, refreshed baths, and modern finishes that command solid Class-B rents! All tenant-paid electric utilities contribute to a lean expense profile and make for a clean, easy-to-operate asset. Find upside ahead through continued unit upgrades, mark-to-market on remaining below-market rents, and the opportunity to add outdoor amenities like a dog park, patio, or resident gathering space. Coin-op laundry, basement tenant storage, and two parking spots per unit round out the appeal! Tenants love the quiet residential setting on over 3 acres, with direct I-95 access, Metro-North Shore Line East rail nearby, and a short drive to New Haven, Yale, and shoreline employment hubs. Plus, it's a mile to the beach and less than two to Branford Green! Branford's historically low vacancy and durable renter base make this a fantastic addition to any portfolio.

Amenities

  • Elementary School - Per Board of Ed
  • High School - Branford
  • Intermediate School -
  • Wall Unit

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