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


Property

Website:https://www.nestseekers.com/5470711
Address:
40-44 Briarwood
Branford, CT 06405
Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 33 BR
Bathrooms: 18
Area: 18705 sq ft

Financials

Price:$4,000,000
Annual Taxes:$24,659

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

Contact

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