Constructed in 1973, the Willow Woods Apartments' unit mix is quite diverse and includes One Bedroom, Two Bedroom, and Three Bedroom apartments with a mix of flat and townhouse style layouts. Existing ownership has renovated roughly half of the units and has captured substantial upside from those renovations. There remains a large amount of value-add potential in the units yet to be renovated, and there is the potential to reposition the property for even larger rent gains. In addition to its traditional value-add and reposition potential, Willow Woods is located within an opportunity zone, which adds another operating strategy to the table. Willow Woods Apartments is immediately adjacent to Southern Connecticut State University, making them ideal lodgings for students looking to live off campus, but still remain within walking distance of their classes.
Off market
Street View
Zestimate®
$4,397,000
42 Warner St, Hamden, CT 06514
--beds
0baths
51,504sqft
MultiFamily
Built in 1973
-- sqft lot
$4,397,000 Zestimate®
$85/sqft
$1,865 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Electric
Interior area
- Total interior livable area: 51,504 sqft
Property
Parking
- Total spaces: 80
Features
- Exterior features: Wood
- Has view: Yes
- View description: City
- Waterfront features: Not Applicable
Lot
- Size: 1.95 Acres
Details
- Parcel number: HAMDM2125B288L00DR
- Zoning: R5
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
Materials
- Roof: Asphalt
Condition
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public Water Connected
Community & neighborhood
Location
- Region: Hamden
HOA & financial
Other financial information
- Total actual rent: 7500000
Other
Other facts
- ViewYN: true
- Sewer: Public Sewer
- Heating: Baseboard, Electric
- Zoning: R5
- Roof: Asphalt
- GarageYN: true
- AssociationYN: 0
- HeatingYN: true
- ConstructionMaterials: Frame, Wood Siding
- FoundationDetails: Block
- Cooling: Window Unit(s)
- NumberOfUnitsTotal: 52
- YearBuiltSource: Public Records
- WaterSource: Public Water Connected
- WaterfrontFeatures: Not Applicable
- View: City Views
- ParkingFeatures: Under House Garage
- ArchitecturalStyle: Units on different Floors
- MlsStatus: Active
- TotalActualRent: 7500000.00
- TaxAnnualAmount: 1244
- CoListAgentEmail: carol@farnamgroup.com
- CoListAgentFullName: Carol M Horsford
- GrossIncome: 712725
- NetOperatingIncome: 422096
- OperatingExpense: 290629
Sell with ease on Zillow
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$4,397,000
2% more+$87,940
With Zillow Showcase(estimated)$4,484,940