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$ 4,000,000
Est. payment /mo
New
40-44 Briarwood Lane Branford, CT 06405
33 Beds
18 Baths
18,705 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 18,705 sqft
Price per Sqft $213
MLS Listing ID 24174057
Style Units on different Floors
Bedrooms 33
Full Baths 18
Year Built 1969
Annual Tax Amount $24,659
Lot Size 3.640 Acres
Property Sub-Type 5 Family+
Property Description
Welcome to the Evergreen Court Apartments - an 18-unit brick garden-style community in Branford's thriving shoreline rental market! This well-maintained three-story building features a great unit mix of 15 two-bedrooms and 3 one-bedrooms, with interiors updated throughout the years - bright kitchens, refreshed baths, and modern finishes that command solid Class-B rents! All tenant-paid electric utilities contribute to a lean expense profile and make for a clean, easy-to-operate asset. Find upside ahead through continued unit upgrades, mark-to-market on remaining below-market rents, and the opportunity to add outdoor amenities like a dog park, patio, or resident gathering space. Coin-op laundry, basement tenant storage, and two parking spots per unit round out the appeal! Tenants love the quiet residential setting on over 3 acres, with direct I-95 access, Metro-North Shore Line East rail nearby, and a short drive to New Haven, Yale, and shoreline employment hubs. Plus, it's a mile to the beach and less than two to Branford Green! Branford's historically low vacancy and durable renter base make this a fantastic addition to any portfolio.
Location
State CT
County New Haven
Zoning MF
Rooms
Basement Full, Fully Finished, Full With Walk-Out
Interior
Heating Baseboard
Cooling Wall Unit
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle,Gable
Building
Foundation Brick
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Branford
Listed by Lisa Cozzi • Century 21 AllPoints Realty
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