Parsons Manor

  • Title

    Multifamily Property

  • City

    Wallingford, CT

  • Price

    $1,595,000

  • Cap Rate

    6.0%

  • Gross Leasable Area

    13,504 SF

  • No. Units

    12

  • Price/SF

    $118.11

  • Price/Unit

    $132.917

  • No. Stories

    2

  • Year Built

    1964

Not found amenities.

Parsons Arms apartments is a 12 unit brick apartment building in Wallingford. The building boasts spacious two bedroom floorplans with central air. Utilities are all tenant paid. Shared staffing and management with Wharton Arms creates economies of scale.

Wallingford is an affluent suburb in New Haven County that has a population of 44,741 residents. The median household income of Wallingford is $91,317.
Wallingford is located 14 miles from New Haven 25 miles from Hartford, 30 miles from Bridgeport and 96 miles from New York City. Wallingford has diversified its commercial and industrial base over the past decade attracting high technology industries as compared to traditional heavy manufacturing. It is the home of a large variety of industries and major corporations spanning the spectrum of the medical, health care, service, hi-tech specialty metal manufacturing and research development. The development of the Barnes Industrial Park, Casimir Pulaski Industrial Park, Wharton Brook Industrial Park, and the South Turnpike Road area have greatly contributed to this transition. The Bristol-Myers Squibb Company, the Town’s largest taxpayer, has established a research and development facility in Wallingford’s MedWay Industrial Park. An Interchange Zone which permits commercial development of office parks, research and development centers and hotels has been created at the intersection of Interstate 91 and Route 68.

Wallingford, New Haven County, CT

Parsons Manor Offering Memo