Ashford Hills Apartments

  • Title

    Multifamily Property for Sale

  • City

    Ashford, CT

  • Price

    $3,050,000

  • Cap Rate

    7.96 %

  • Gross Leasable Area

    35,800 SF

  • No. Units

    52

  • Price/SF

    $85.20

  • Price/Unit

    $58,654

  • No. Stories

    3

  • Property Type

    Multifamily

  • Year Built

    1969

Not found amenities.

Northeast Private Client Group is pleased to present the Ashford Hills Apartments, a 52-unit multifamily complex located in Ashford, Connecticut.

Ashford Hills Apartments is comprised of 28, one bedroom, 20, two bedroom, and 4 three bedroom units. Tenants are responsible for their own heat and hot water which is supplied through all electric units. The property benefits from ample parking as well as on-site laundry room for the tenants. Over the past few years, the owner has updated the interiors in a majority of the units.

Ashford Hills has run at a historically high occupancy rate due to the strong demand for rental apartments in the surrounding towns. A new owner can realize upside through raising rents to market levels.

Ashford, Windham County CT