23 Hayward Avenue
23 Hayward Avenue
$1,535,000
12
9
6,346
6,346
$242
Description
Rarely available 9 unit multifamily on Colchester town green! Currently offered at a solid 8.0% Cap Rate with tremendous upside! The main building, dating back to 1780 and known as the Joseph Isham House, exudes charm and character that is attractive to prospective tenants. This property offers a lucrative investment opportunity with well-qualified tenants and minimal vacancies, reflecting the high demand for rental properties in the thriving Colchester market. Each unit has been thoroughly renovated...Rarely available 9 unit multifamily on Colchester town green! Currently offered at a solid 8.0% Cap Rate with tremendous upside! The main building, dating back to 1780 and known as the Joseph Isham House, exudes charm and character that is attractive to prospective tenants. This property offers a lucrative investment opportunity with well-qualified tenants and minimal vacancies, reflecting the high demand for rental properties in the thriving Colchester market. Each unit has been thoroughly renovated by current ownership while preserving some of the historical aesthetics, such as hardwood flooring and the original cupola overlooking the town. Capital improvements over the past decade include: electrical, plumbing, insulation, roof, main sewer line to street, energy efficient double pane windows, vinyl and tile flooring, drywall, fire rated steel doors, wired fire alarm system, separately metered electric panels, landscaping and tree work. The unit mix includes (1) efficiency, (5) 1-beds, (2) 2-beds, and (1) large 2-bed penthouse, each with separate and tenant paid electric water heaters and baseboard heat. Capitalize on high demand as rents continue to soar, with a rent roll that has already seen a remarkable 15% increase from 2022. Don't miss out on this one-of-a-kind opportunity and a chance to outperform most multifamily investments!
- Listed by Tyler Egner • Sky Realty GroupP: (860) 389-4223 C: (860) 389-4223 tyler.m.egner@gmail.com
Property Details for 23 Hayward Avenue
Basement Description
Full, Unfinished
Direct WaterfrontNo
Garages Number0
NeighborhoodN/A
StyleUnits on different Floors
Garage Parking InfoNone, On Street Parking, Off Street Parking, Driveway
Swimming PoolNo
Location
LISTING UPDATED: 05/29/2024 07:50 PM
Property Details for 23 Hayward Avenue
Status | Active |
---|---|
MLS # | 170545645 |
Days on Market | 509 |
Taxes | $12,456 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / 5 Family+ |
Year Built | 1780 |
Lot Size | 0.29 AC / 12,632 SF |
County | New London County |
Location
Building Information for 23 Hayward Avenue
Stories-Residences9Year Built1780Building Size-Lot Size0.29 AC / 12,632 SF
Payment Calculator
$9,415 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 23 Hayward Avenue
Property History for 23 Hayward Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 23 Hayward Avenue
Taxable ValueLand$59,600Additions$398,000Total$457,600
Tax Record2023$12,456 ($1,038 / month)
Home Facts
Lot Size12,632 SqFtStyleMulti-Family Res (5+ Units)CountyNEW LONDONAPNCOLC M:016 B:000 L:046-000
Schools near 23 Hayward Avenue
This home is within Colchester School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 2 | |||
Public - | 3 to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Colchester Elementary School PublicPK to 2 | ||
Jack Jackter Intermediate School Public3 to 5 | ||
William J. Johnston Middle School Public6 to 8 | ||
Bacon Academy Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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