23 Hayward
Colchester, CT 06415
- 12 beds
- 9 baths
- 6,346 sqft
- 12,632 sqft lot
- $241 per sqft
- 1780 build
- – on site
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!
Last checked:
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Last updated Nov 2, 2024
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MLS# 170545645 —
The Building
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Year Built:1780
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Year Built Source:Public Records
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New Construction Type:No/Resale
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Style:Units on different Floors
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Roof Information:Asphalt Shingle
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Attic:No
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Exterior Siding:Vinyl Siding
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Foundation Type:Concrete, Stone
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Basement Description:Full, Unfinished
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Exterior Features:Porch, Gutters, Lighting
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SqFt Total:6346
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SqFt Est Heated Above Grade:6346
Interior
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Laundry Room:Coin Op Laundry
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Laundry Room Location:Main Level Off Rear Entrance
Location
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Directions:Route 85 to Hayward Ave. GPS Friendly
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Neighborhood:N/A
The Property
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Parcel Number:2336319
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Property Type:Multi-Family For Sale
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Property Subtype:5 Family+
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Zoning:R-30
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Acres:0.29
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Acres Source:Public Records
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Lot Description:Lightly Wooded, Level Lot
Listing Agent
- Contact info:
- Agent phone:
- (860) 638-9748
Taxes
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Tax Year:July 2024-June 2025
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Property Taxes:13119
Beds
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Beds Total:12
Baths
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Total Baths:9
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Full Baths:9
The Listing
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No
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Virtual Showing:Yes
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Home Warranty Offered:No
Heating & Cooling
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Heat Type:Baseboard
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Heat Fuel Type:Electric
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Cooling System:Window Unit
Utilities
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Water Source:Public Water Connected
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Sewage System:Public Sewer Connected
Schools
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Elementary School:Per Board of Ed
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Intermediate School:Per Board of Ed
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Middle Or Jr High School:Per Board of Ed
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High School:Per Board of Ed
The Community
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Nearby Amenities:Park, Public Transportation, Walk to Bus Lines
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Swimming Pool:No
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Direct Waterfront:No
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Waterfront Description:Not Applicable
Parking
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Garage/Parking:None, On Street Parking, Off Street Parking, Driveway
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Parking Total Spaces:10
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/29/24
May 29, 2024
|
Price Changed | SMART_MLS | $1,535,000 | 13.7% (13.3% / YR) |
|
5/17/23
May 17, 2023
|
Listed / Active | SMART_MLS | $1,350,000 |
