FOR SALE0.29 ACRES
23 Hayward Ave
Colchester, CT 06415
12 Beds
9 Baths
6,346 sqft (on 0.29 acres)
- 12 Beds
- 9 Baths
- 6,346 sqft (on 0.29 acres)
12 Beds
9 Baths
6,346 sqft
(on 0.29 acres)
Local Information
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Commute Destination
Description
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!
Home Highlights
Parking
Open Parking
Outdoor
Porch
A/C
Heating & Cooling
HOA
None
Price/Sqft
$213
Listed
180+ days ago
Home Details for 23 Hayward Ave
Interior Features |
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Interior Details Basement: Full,Unfinished |
Beds & Baths Number of Bedrooms: 12Number of Bathrooms: 9Number of Bathrooms (full): 9 |
Dimensions and Layout Living Area: 6346 Square Feet |
Appliances & Utilities Appliances: Electric Water HeaterLaundry: Coin Op Laundry |
Heating & Cooling Heating: Baseboard,ElectricHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Baseboard |
Exterior Features |
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Exterior Home Features Roof: AsphaltPatio / Porch: PorchExterior: Rain Gutters, LightingFoundation: Concrete Perimeter, StoneNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 9Parking: Driveway,On Street,Off Street,Paved |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 6346 Square Feet |
Days on Market |
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Days on Market: 180+ |
Property Information |
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Year Built Year Built: 1780 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Units on different Floors |
Building Construction Materials: Vinyl SidingNot a New ConstructionDoes Not Include Home Warranty |
Property Information Parcel Number: 2336319 |
Price & Status |
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Price List Price: $1,350,000Price Per Sqft: $213 |
Status Change & Dates Possession Timing: Upon Closing |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Colchester |
School Information Elementary School: Per Board of EdJr High / Middle School: Per Board of EdHigh School: Per Board of Ed |
Agent Information |
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Listing Agent Listing ID: 170545645 |
Building |
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Building Area Building Area: 6346 Square Feet |
Community |
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Community Features: Park, Near Public TransportUnits in Building: 1 |
HOA |
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No HOA |
Lot Information |
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Lot Area: 0.29 acres |
Miscellaneous |
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BasementMls Number: 170545645Attic: None |
Additional Information |
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ParkNear Public Transport |
Last check for updates: 1 day ago
Listing courtesy of Tyler Egner
Sky Realty Group
Source: Smart MLS, MLS#170545645
Price History for 23 Hayward Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 05/01/2023 | $1,350,000 | PriceChange | Smart MLS #170545645 |
| 01/19/2023 | $1,460,000 | Listed For Sale | Smart MLS #170545645 |
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Comparable Sales for 23 Hayward Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.26 | Multi-Family Home | $349,000 | 01/02/24 | 8 | 4 | 3,338 | |
0.36 | Multi-Family Home | $454,500 | 03/13/24 | 6 | 4 | 2,888 | |
0.43 | Multi-Family Home | $156,975 | 05/23/23 | 6 | 2 | 2,500 | |
3.76 | Multi-Family Home | $400,000 | 02/22/24 | 5 | 4 | 3,872 | |
4.80 | Multi-Family Home | $415,000 | 02/28/24 | 5 | 3 | 3,090 |
What Locals Say about Colchester
- Trulia user
- Prev. Resident
- 1y ago
"Colchester offers a nice, country-living feel with well-established families. It’s central location makes for an easy commute to New London, Norwich and Hartford, and also weekend attractions like the coastal shore, vineyards and more touristy towns like Mystic, Stonington and Westbrook. Great place for families and pets!"
- Rachael M.
- Resident
- 4y ago
"Friendly and kind. People are always around to help and neighbors are great. Only complaint is that there isn’t enough variety of restaurants here. Some small owned bistros and Chinese and pizza. That’s pretty much it though besides subway, McDonald. And Wendy’s which I don’t go to anyway. "
- Laura S.
- Resident
- 4y ago
"We have the 57 Fest every September with food, music, inflatables and fireworks. Farmer's market every Sunday April-October. Tag Sale on the Green in June. Weekly and dailyvevents at the Library . Great schools and parks. Airline trail for biking and walking. Day pond for beach and swimming. So much more too!!"
- Christina S.
- Resident
- 4y ago
"Dog owners are always out walking or jogging with their dogs. Our town has a very nice dog park. Our town also has pooch gatherings on the town green especially the one where owners dress up their fur babies for Halloween called pumpkins & pooches. I’d like to see people pick up after their dogs more when they’re walking down the street. I’ve driven by pet owners while their dog is going #2 and watch the person walk away without picking it up with a poop bag. They should bring doggie doo doo bags to clean that up and put it in a trash dumpster. "
- Lori D.
- Resident
- 4y ago
"My neighborhood is filled with kind people, friendly adults and fun loving children! A wonderful place to raise a family!"
- Christina S.
- Resident
- 4y ago
"There’s a super nice dog park here, and people here are also very family oriented and there are really good schools as well. "
- Lori D.
- Resident
- 4y ago
"My neighborhood is welcoming, safe and beautiful! There is great pride, excellent schools, kind folks and tasty food choices."
- Susan.crabb44
- Resident
- 4y ago
"Many wonderful events on the town green all year round. Very good school system. Has the small town feeling but is conveniently located and easy to commute to Hartford or New London. This town also has many very good restaurants. "
- Sara N.
- Resident
- 5y ago
"A haul. The trade off of a quiet neighborhood is a long and inconvenient drive to work. Route 2 is the only way to get anywhere and if it gets backed up it can cause major delays. To get to work on time I have to leave very early. "
- Chris
- Resident
- 5y ago
"Sports and parks kids programs through Colchester parks and recreation. Many great restaurants and even a Irish pub that’s pretty good. "
- Melissa O.
- Resident
- 5y ago
"The school system here sucks. The elementary is the worst. Principal awards the bad kids and the good ones are ignored. Horrible education levels as well. They don’t even give homework because they feel it’s to demanding on the kids."
- Sylvia B.
- Resident
- 5y ago
"Never see dogs. Being walked and no street lights. Traffic is terrible on my road with people always doing over the speed limit "
- nichole c
- Resident
- 5y ago
"the area has a great parks and is very comfortable to safely walk around with dogs and or kids. great town events through the year to keep it all going!"
- Christina
- Resident
- 5y ago
"This is a quiet friendly safe town, filled with caring families who take pride in our town. They help each other out when you need them. I would totally recommend living here. I’ve been here 8 years so far! "
- Sophia M.
- Resident
- 5y ago
"Friendly cozy area. Very safe. Upkept. Quiet and convenient to highways and major routes. Close to grocery store and central to most of CT"
- Nichole C.
- Resident
- 5y ago
"ive lived here all my life. great place for families, you can be social or not, and go from there. plenty of restaurants and ice cream places and things to do."
- Maryclarksawyer
- Resident
- 5y ago
"Festivals on the Green are reliably a part of life in Colchester. Our town is becoming a great place to go out to dinner, with a couple of new restaurants providing exciting farm-to-table fare, not to mention quite a few farms where you can grab your own produce, cheese, or meat for your own table!"
- Leann
- Resident
- 5y ago
"Great school system and parks/ rec department. A lot of family friendly events on the town green. Movies. Stores. Starbucks "
- a g.
- Resident
- 5y ago
"I’ve lived in this neighborhood all my life I love the area so I moved in next door to the house I grew up in. I know my neighbors across from and next to me by their first name and we all help watch out for each other. It’s a great place to have grown up and I can’t wait to raise my family here!"
- Nichole C.
- Resident
- 5y ago
"cars!! be careful of speeding vehicles, even in slower areas just watch out because anything can happen"
- Leann
- Resident
- 5y ago
"Its family and senior friendly... center of town is great, lots of restaurants, drugstores, Starbucks etc"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Tyler Egner, Sky Realty Group
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
23 Hayward Ave, Colchester, CT 06415 is a 12 bedroom, 9 bathroom, 6,346 sqft multi-family built in 1780. This property is currently available for sale and was listed by Smart MLS on Jan 19, 2023. The MLS # for this home is MLS# 170545645.