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Multifamily

Woodcliff Estates

East Hartford, CT

561 Units

Built in 1971

Value Add

Investment Highlights

  • Value-Add - upside of $100-$150 per unit, per month over average in-place rents with unit upgrades to kitchen counters, hardware, bath vanities, lighting fixtures, faux-wood flooring and appliances.
  • Located in a Federal Opportunity Zone
  • Renewal and New Tenant Lease Trends - New tenant rent growth since January 2018 has averaged 3% annually. Renewal growth January 2019 through January 2020 was 3.44%.

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