ParkingDriveway, On Street Parking, Off Street Parking
Year Built1780
HeatingBaseboard
CoolingWindow Unit(s)
BasementYes
ViewTrees/Woods
MLS #170545645
Lot Size0.29 Acres
StatusActive
About 23 Hayward Ave
Rarely available 9 unit multifamily on Colchester town green! Currently offered at a 7% Cap Rate with a 7.6% ROI and tremendous upside! The main building has 7 units and there is a 2 unit cottage in the rear of the property. This investment opportunity boasts a historically low vacancy rate due to increasing demand for apartment rentals in local market. Current ownership has gut-renovated each unit over the past decade, while preserving some of the historical aesthetics, such as hardwood flooring and the original cupola on top of the 3rd floor penthouse apartment. Renovations include new: electrical, plumbing, insulation, roof, sewer line, energy efficient double pane windows, flooring, drywall, fire rated steel doors, wired fire alarm system, and separately metered electric. All apartments feature separate and tenant paid electric electric baseboard heat. The unit mix is (1) efficiency, (3) 1 beds, (2) 2 beds, and a large 2 bedroom penthouse apartment, approximately 1,800 SF. There are (2) 1 bedroom units in the cottage in the rear of the property. Prime downtown location next to the Town Green where community events are held regularly. Amenities can be found all around and include: restaurants, retail shopping, grocery stores, and service businesses. Very easy and convenient access to Route 2 and Route 85. Only 25 minutes to Hartford, Norwich and New London. One of a kind property, call today to schedule a private tour!
Property Details
Property Features
Property Information:
Year Built: 1780
Living Area: 6,346 SqFt
Listing Office:
Office Name: Sky Realty Group
Office Phone: (860) 638-9748
Listing Agent: Tyler Egner
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 9
Total Bedroom Count: 12
Exterior Features
Exterior Information:
Private Pool: No
View: Trees/Woods
Exterior: Gutters, Lighting, Porch
Parking Information:
Attached Garage: No
Parking: Driveway, On Street Parking, Off Street Parking
Lot Features
Lot Information:
Lot: Level, Wooded
Lot Size: 0.29 Acres
Utilities
Utilities Information:
Heating: Baseboard
Cooling: Window Unit(s)
School Info
Assigned Schools Information:
Bacon Academy, Public District Grades 9-12
William J. Johnston Middle School, Public District Grades 6-8
Jack Jackter Intermediate School, Public District Grades 3-5
Other
Directions Information:
Directions: Route 85 to Hayward Ave. GPS Friendly
Price Information
Listing Price Info
Price Summary:
List Price: $1,350,000
Price Per SqFt: $213/SqFt
Tax Information:
Annual Amount: $14,719
Tax Year: 2021
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Jack Jackter Intermediate School
315 Halls Hill Rd
Distance between this listing and this school0.71 miles
Public District Grades 3-5
Middle School
8
/10
William J. Johnston Middle School
360 Norwich Ave
Distance between this listing and this school0.55 miles
Public District Grades 6-8
High School
5
/10
Bacon Academy
611 Norwich Ave
Distance between this listing and this school1.48 miles
Public District Grades 9-12
Assigned Schools
6
/10
Jack Jackter Intermediate School
315 Halls Hill Rd
Distance between this listing and this school0.71 miles
Public District Grades 3-5
Nearby Schools
7
/10
Hebron Elementary School
92 Church St
Distance between this listing and this school5.52 miles
Public District Grades 3-6
7
/10
Elmer Thienes-Mary Hall Elementary School
25 School Dr
Distance between this listing and this school7.47 miles
Public District Grades PK-6
Assigned Schools
8
/10
William J. Johnston Middle School
360 Norwich Ave
Distance between this listing and this school0.55 miles
Public District Grades 6-8
Nearby Schools
7
/10
Lebanon Middle School
891 Exeter Rd
Distance between this listing and this school5.94 miles
Public District Grades 5-8
6
/10
Rham Middle School
25 Rham Rd
Distance between this listing and this school6.37 miles
Public District Grades 7-8
Assigned Schools
5
/10
Bacon Academy
611 Norwich Ave
Distance between this listing and this school1.48 miles
Public District Grades 9-12
Nearby Schools
4
/10
Lyman Memorial High School
917 Exeter Rd
Distance between this listing and this school5.75 miles
Public District Grades 9-12
7
/10
Rham High School
85 Wall St
Distance between this listing and this school6.32 miles
The neighbors living near this home have an average income of $69,213. Most Colchester, CT residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
This home is located at 23 Hayward Ave in Colchester, CT and zip code 06415. This 6,346 square foot home, which was built in 1780, sits on a 0.29 acre lot. Features: 12 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since January 19, 2023 and is currently priced at $1,350,000.
In March 2024, from all listings sold in Colchester, CT there were more than 7 sold above asking price, over 2 sold below and more than 3 were sold right at the asked price. The inventory of homes for sale in Colchester, CT between February 2024 and March 2024 increased by 16.3%.
From Rocket Homes Real Estate and based on county public records data.