Rare development opportunity in Avon! This exceptional opportunity includes approved plans for a 250 unit expansion to an existing 189 unit property. The development includes two, four-story buildings totaling 196 units, featuring (122) One-Bedroom, (30) Two-Bedroom/One Bathroom, (32) Two-Bedroom/Two Bathroom, and (12) Three-Bedroom/Two Bathroom residences. Additionally, the expansion introduces townhome-style units: (14) One Bedroom/One Bathroom, (14) Two Bedroom/One Bathroom, and (26) Three Bedroom/2.5 Bathroom units providing residents with a variety of housing options tailored to modern lifestyles. Enhanced amenities will feature a new pool and clubhouse, expansive patio and pavilion, basketball courts, picnic areas, grilling stations, walking trails, and ample outdoor parking for residents and guests. 20% of these units will meet Affordable Housing requirements and the enhancement will result in ~$75/mth rent increase for current tenants due to amenity upgrade. The current owner/team is open to staying on to manage and execute this expansion project. Can be sold with existing property (MLS #24037027).
MLS# | 24037298 |
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Listing Type | For Sale |
Status | Active |
Year | 2024 |
Days On Site | 46 |
Listing Provided By | Berkshire Hathaway NE Prop. | Lisa Cozzi |
Bath(s) | 9 Total |
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SQ Feet | 222,856 |
Zoning | RU2A |
Acreage | 29.39 |
State | CT |
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County | Hartford |
City | Avon |
Zip Code | 06001 |
Area | Hartford |
Listing VS Median (in 06001) | |
Price: $12,000,000 low | high Med: $414,500 SqFt: 222,856 low | high Med: 2,182 $ / SqFt: $54 low | high Med: $190 On Site: 46 low | high Med: 29.000000 |