40-44 Briarwood Lane Branford, CT 06405
Multi-Family
MLS #: 24174057
Listed By CENTURY 21 AllPoints Realty
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Property InformationDescription
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.
Features
- Building Area: 18705.00 SF
- Cross Docks: N
- For Auction: N
- Location Name: 40-44 Briarwood Lane , Branford
- MLSID: 24174057
- Price Per Area: 0.00
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Taxes: $24659.00
- Year Built: 1969
- Zoning: MF
