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    42 Warner Street

    Hamden, CT 06514
    • $7,500,000
    • STATUS: Active Under Contract
    • ON SITE: 158 days
    • MLS #: 170339312
    Under Contract
    UPDATED: 21 min ago
    $7,500,000
    • 0
      BEDS
    • 1.95
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 51,504
      SQFT
    • $146
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Commercial
    Built:
    1973
    County:
    Area:

    School Ratings & Info

    Description

    Constructed in 1973, the Willow Woods Apartments' unit mix is quite diverse and includes One Bedroom, Two Bedroom, and Three Bedroom apartments with a mix of flat and townhouse style layouts. Existing ownership has renovated roughly half of the units and has captured substantial upside from those renovations. There remains a large amount of value-add potential in the units yet to be renovated, and there is the potential to reposition the property foreven larger rent gains. In addition to its traditional value-add and reposition potential, Willow Woods is located within an opportunity zone, which adds another operating strategy to the table. Willow Woods Apartments is immediately adjacent to Southern Connecticut State University, making them ideal lodgings for students looking to live off campus, but still remain within walking distance of their classes.

    Monthly Payment Calculator



    © 2021 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Around Town Real Estate Team | Keller Williams. Data last updated: 2021-02-27T10:09:57.507.
    www.thearoundtownteam.com/homes/110239061
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    42 Warner Street Hamden, CT 06514

    • Price: $7,500,000
    • Status: Active Under Contract
    • Updated: 21 min ago
    • MLS #: 170339312
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.95
    Acres
    51,504
    SQFT
    $146
    $/SQFT
    1973
    Built
    Neighborhood:
    N/A
    County:
    New Haven
    Area:
    Hamden
    Property Description
    Constructed in 1973, the Willow Woods Apartments' unit mix is quite diverse and includes One Bedroom, Two Bedroom, and Three Bedroom apartments with a mix of flat and townhouse style layouts. Existing ownership has renovated roughly half of the units and has captured substantial upside from those renovations. There remains a large amount of value-add potential in the units yet to be renovated, and there is the potential to reposition the property foreven larger rent gains. In addition to its traditional value-add and reposition potential, Willow Woods is located within an opportunity zone, which adds another operating strategy to the table. Willow Woods Apartments is immediately adjacent to Southern Connecticut State University, making them ideal lodgings for students looking to live off campus, but still remain within walking distance of their classes.
    Exterior Features

    Construction Description Frame Foundation Type Block Lot Description Level Lot Parking Total Spaces 0 Road Frontage Description Municipal Street Roof Information Asphalt Shingle

    Interior Features

    Cooling System Window Unit Heat Type Baseboard

    Property Features

    Bank Owned Property Yn No Commercial Category InvestmentResidential Income Documents Available Other Garage Parking Info Unit GarageAssignedOff Street Parking Heat Fuel Type Electric Location DowntownUrban Possession Availability Immediate Potential Short Sale Yn No Property Tax 1244 Sewage System Public Sewer Connected Sign Yn Yes Utilities Available Electric Water Source Public Water Connected Zoning R5

    Listing information © 2021 Smart MLS
    Listing provided courtesy of James P Huffman of Farnam Realty Group.


    © 2021 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Around Town Real Estate Team | Keller Williams. Data last updated: 2021-02-27T10:09:57.507.
     
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    Around Town Real Estate Team | Keller Williams
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    Newtown CT, 06470