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Off market
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  • $3,412,600

    655 Fitch St #A1, Hamden, CT 06514

    --beds
    0baths
    51,504sqft
    MultiFamily
    Built in 1973
    -- sqft lot
    $3,412,600 Zestimate®
    $66/sqft
    $1,809 Estimated rent

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    $1,809/mo

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    $1,809/mo

    Rent Zestimate®

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    $20,485/mo

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    $20,485/mo

    Est. payment

    What's special

    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.

    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
    • 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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    $3,412,600
    2% more+$68,252
    With Zillow Showcase(estimated)$3,480,852