695 Talcottville Rd - Apartments FOR SALE


Vernon, CT 06066
$40,000,000 USD
695 Talcottville Rd, Vernon, CT for Sale
$40,000,000 USD
Apartments - FOR SALE
1/4
null | 5.81% Cap Rate

695 Talcottville Rd
Vernon, CT 06066


HIGHLIGHTS

  • Vernon Gardens offers a rare combination of quality, tremendous value, and upside.

OVERVIEW

Vernon Gardens Apartments offers a rare combination of quality, value, and upside. Our fully renovated apartments feature real hardwood floors and ceramic tile, setting us apart from typical rentals. With most utilities included and competitive pricing, residents enjoy exceptional value and predictable costs. The property is over 95% renovated, allowing for efficient, low-maintenance operations and consistent performance. Located in a rapidly growing area with strong demand, Vernon Gardens not only delivers immediate appeal, but also offers clear rent growth potential, with rents positioned at least 15% below comparable properties.

FOR SALE DETAILS

PRICE

$40,000,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

154

PRICE/UNIT

$259,740

CAP RATE

5.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vernon Gardens Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

350

LAND DETAILS

LAND ACRES

31.23 AC

LAND SF

1,360,379 SF

ZONING

19 PRD

APN/PARCEL ID

07-0002-00004,VERN-000007-000002-000004

ASK ABOUT THIS PROPERTY

Pietr GjelajAssetrise Management LLCMore Info

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