$40,000,000
 $214,729 forsale estimated payment Sourced by Back At You

64 Avonwood Road , Avon, CT 06001

Avon, CT 06001

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Description

Rare opportunity to acquire 189 luxury residential units in Avon! Set across 46.6 expansive acres, this prime location is adjacent to vibrant Route-44, providing effortless access to all local amenities. Seamlessly connected to Avon Mountain, there is a direct path from Avon to West Hartford and other bustling towns, yet it maintains a tranquil, suburban ambiance. The property has: (102) 1 Bed, (78) 2 Bed and (9) 3 Bed units. Spacious layouts range from 925SF up to an impressive 1324SF, each featuring a private balcony or patio.The asset is at 92% Occupancy currently. Originally built in 1977, these three-story assets are undergoing extensive upgrades to both units and common area upgrades (~80 units renovated & $3.5M invested into buildings). Residents enjoy amenities such as a swimming pool with cabana and sun deck, two tennis courts, picnic areas and scenic walking trails enriching their lifestyle experience at Avon Woods. These units are poised to command premium rental rates, reflecting the strong demand for upscale living In this affluent area. There is also an option for an expansion package for an additional $12,000,000 (MLS 24037298). This opportunity includes approved plans for a 250 unit expansion including 2 new, four-story buildings totaling 196 units. Enhanced amenities will feature a new pool and clubhouse, expansive patio and pavilion, basketball courts, picnic areas, grilling stations, walking trails, and ample outdoor parking for residents and guests.

Details

Mls24037027
Listing TypeFor Sale
StyleAttachd
StatusActive
Year1977
Days On Site128
Listing Provided ByBerkshire Hathaway NE Prop. | Lisa Cozzi

Features

Beds6
Baths 3 Total
Sq Feet99,713
BasementY
PoolYes
Units189
ZoningRU2A
Acreage46.60
Water FrontYes

Market Activity 06001

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Learn More About This Property

StateCT
CountyHartford
CityAvon
Zip Code06001
AreaHartford
School DistrictPer Board of Ed
Elementary SchoolPer Board of Ed
Listing VS Median (in 06001)
Price:
$40,000,000
low | high
Med:
$466,950
100% of Average
SqFt:
99,713
low | high
Med:
2,229
100% of Average
$ / SqFt:
$401
low | high
Med:
$211
97.323089943105% of Average
On Site:
128
low | high
Med:
55.500000
100% of Average
Sourced by Back At You
Listing Updated: November 9, 2024 at 10:34:16 AM PST