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374 N Colony Rd 4 Unit Apartment Building Offered at $775,000 Wallingford, CT 06492
INVESTMENT HIGHLIGHTS
- Excellent Location, walking distance to Amtrack railroad in the commercial district, convenient to I-91 & Merritt Pkwy
- Completely remodeled, 3 story building, 2,559 SF with 20 parking spaces
EXECUTIVE SUMMARY
Discover an exceptional investment opportunity in the heart of downtown Wallingford. The 2,631 square foot free-standing building is fully leased and completely remodeled including new appliances, HVAC and electrical. Easy walking distance to the Amtrak station and center of Wallingford. This main building offers a retail storefront, three residential apartment units. Also includes a 480 square foot commercial standalone building behind main building, potential to build 4+ units and other potential uses. This property is positioned on a bus route along busy North Colony Street (Route 5) and is located a short distance away from I-91 and Merritt Parkway.
PROPERTY FACTS
| Price | $775,000 | Lot Size | 0.36 AC |
| Price Per Unit | $193,750 | Building Size | 2,559 SF |
| Sale Type | Investment or Owner User | No. Stories | 3 |
| No. Units | 4 | Year Built/Renovated | 1900/2021 |
| Property Type | Multifamily | Parking Ratio | 7.82/1,000 SF |
| Property Subtype | Multi Family | ||
| Zoning | CB 40 | ||
| Price | $775,000 |
| Price Per Unit | $193,750 |
| Sale Type | Investment or Owner User |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Multi Family |
| Lot Size | 0.36 AC |
| Building Size | 2,559 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2021 |
| Parking Ratio | 7.82/1,000 SF |
| Zoning | CB 40 |
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Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | WALL-000104-000000-000099 | Improvements Assessment | $154,800 |
| Land Assessment | $69,300 | Total Assessment | $224,100 |
PROPERTY TAXES
Parcel Number
WALL-000104-000000-000099
Land Assessment
$69,300
Improvements Assessment
$154,800
Total Assessment
$224,100
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374 N Colony Rd
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