Multi Family In Chester

A stabilized apartment complex just one half mile from the picturesque downtown of Chester, CT. This property features a strong CAP ex profile including a new roof, electrical service, and well water treatment system. A 6% CAP rate is projected at entry assuming fully burdened vacancy, maintenance, and management figures. Each unit pays their own electric bill which includes the cost of heat and hot water. The owners pay for the dumpster, well water and treatment, the common electric bill, taxes, and insurance. Three of the seven residential units in the main building have washer and dryer hookups and there is off street parking for all units. A 1,500 square foot warehouse is positioned along the driveway at the base of the hill.