Regency Court Apartments

  • Title

    Multifamily Property

  • City

    Cheshire, CT

  • Price

    $1,980,000

  • Cap Rate

    7.7%

  • Gross Leasable Area

    13,700 SF

  • No. Units

    22

  • Price/SF

    $144.52

  • Price/Unit

    $90,000

  • No. Stories

    1

  • Year Built

    1956

  • Lot Size

    2.80 AC

Not found amenities.

Northeast Private Client Group is pleased to present the Regency Court Apartments, an 18 unit multifamily property located in Cheshire, Connecticut.

The Regency Court Apartments are comprised of 2 separate parcels a block from one another. The first location, 19 Stony Hill Road, has 10 – one bedroom and 4- efficiency units. There is also 10 garage bays around the rear of the building which generate income. The second location, 50 Country Club Road, has 8- one bedroom units between two buildings. Heat and hot water at each location is supplied through a central oil fired system and is included in the rents. Tenants are responsible for their own electric expense. Almost all the units have been completely redone with new kitchens, hardwood floors and bathrooms.

Cheshire is approximately 33 square miles and is situated in the midst of several major cities in Connecticut. It lies 14 miles north of New Haven and 25 miles south of Hartford. The Farmington Cannal Heritage Trail, a popular recreational trail, runs through Cheshire. I-691 skirts the northern edge of town, while I-84 passes through the northwest corner.

The Regency Court Apartments offer a new investor a stabilized asset in a desirable rental ownership community. The property runs at a very strong occupancy level, with very little turnover annually.

Cheshire, New Haven County, CT