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Multifamily

Avon Place

Avon, CT

164 Units

Built in 1973

Value Add

Investment Highlights

  • SIGNIFICANT VALUE-ADD OPPORTUNITY - Post-renovated units are harvesting an additional $220 to as much as $280 per unit, per month over non-renovated average rents.
  • APPROXIMATELY $1.6 MILLION IN RECENT CAPITAL IMPROVEMENTS - 34 units renovated plus improvements to amenities, common areas, electrical and HVAC
  • HIGH BARRIER TO ENTRY - Superior location to most competitive and planned development within an extremely high barrier-to-entry municipality

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