42 Warner Street

Hamden, CT 06514 Directions
$7,500,000
  • 51,504Sqft
  • 1.95Acres
  • 1973Built
  • $146Price/Sqft

Property Highlights

  • Days on Market: 128
  • MLS: 170339312

Property Highlights

  • Days on Market: 128
  • MLS: 170339312

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....

Property Highlights

  • Days on Market: 128
  • MLS: 170339312

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.

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.

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  • Additional Information
    • Area Type: Downtown, Urban
    • Gross Income: 712725
    • Living Area SqFt: 51,504
    • Road Frontage Description: Municipal Street
    • Sewer: Public Sewer Connected
    • Tax Amount: $1,244
    • Tax Year: July 2020-June 2021
    • Unit Count: 5
    • Utilities Available: Electric
    • Year Built: 1973

Listing Courtesy of Farnam Realty Group.

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