Welcome to the Evergreen Court Apartments an 18 unit brick garden style community in Branford's thriving shoreline rental market !
| Website: | https://www.nestseekers.com/5470711 |
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| Address: | 40-44 Briarwood Branford, CT 06405 |
| Ownership: | Multi-Family |
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| 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
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878 Phone: +1 203-204-9555 | |
| Listing Courtesy of Lisa Cozzi of Century 21 AllPoints Realty | |