12-20 Knox St Ct - Apartments FOR SALE


Manchester, CT 06040- Center
$1,250,000 USD
12-20 Knox St Ct, Manchester, CT for Sale
$1,250,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

12-20 Knox St Ct
Manchester, CT 06040
Center


HIGHLIGHTS

  • Ample onsite parking
  • Full Basements with onsite laundry
  • Pitched Asphalt Shingle Roofs
  • Individual circuit panels for each apartment
  • Pitched Asphalt Shingle Roofs

OVERVIEW

Knox Place Apartments is located within central Manchester in close proximity to the center of town and has an ease of access to Interstate 84. The two side by side four unit buildings contain 8 two bedroom apartments. Four of these apartments have been gut renovated as units turned with new kitchens, high quaility unit finishes and new bathroom fixtures. These apartments stay in high demand maintaining a 100% occupancy level. Apartments are rented with resident paid individual gas heat and hot water The property is priced for a 7.5% Cap Rate from the start with additional upside growth as the four long time residents turn over and their apartments are available for updates and significanly higher rents to match the four fully renovated units Seller is agent related entity

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

8

PRICE/UNIT

$156,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

RC

APN/PARCEL ID

MANC-000078-003320-000012

ASK ABOUT THIS PROPERTY

Rick ChozickChozick Realty Inc.More Info

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Rick ChozickChozick Realty Inc.More Info

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