$12,000,000
( $53.85Per Sq Foot )
 $64,419 est/mo Sourced by Back At You

64 Avonwood Road , Avon, CT 06001

Avon, CT 06001

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Description

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).

Details

MLS#24037298
Listing TypeFor Sale
StatusActive
Year2024
Days On Site46
Listing Provided ByBerkshire Hathaway NE Prop. | Lisa Cozzi

Features

Bath(s) 9 Total
SQ Feet222,856
ZoningRU2A
Acreage29.39

Market Activity 06001

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Learn More About This Property

StateCT
CountyHartford
CityAvon
Zip Code06001
AreaHartford
Listing VS Median (in 06001)
Price:
$12,000,000
low | high
Med:
$414,500
100% of Average
SqFt:
222,856
low | high
Med:
2,182
100% of Average
$ / SqFt:
$54
low | high
Med:
$190
100% of Average
On Site:
46
low | high
Med:
29.000000
100% of Average
Sourced by Back At You
Listing Updated: September 10, 2024 at 9:52:16 AM PDT