Existing 5A+ income property Investment Opportunity is fully approved for 8 additional Town House style units in a new building and new garages, located in the Garden Apartment District Zone ready for construction build out with approved plans in addition to the existing apartment/office building. The propertys existing 4300sf building, has two 2BR apartments and office, approved for conversion into two 3BR apartments. The property has a driveway directly off RT 6 with a large parking/building area. The western lower portion of the property is a wooded area adjacent to the Pomperaug River. The property is bordered by Terrace Apartments to the north and Woodbury Place Condominiums to the south. The site is just north of the Southbury town line minutes to I-84 exit 15. A convenient location only minutes from center Woodbury and Southbury, with easy access to Danbury (15 mi.), NY Metro area (70 mi.) Hartford (30 mi.). The approvals are for construction of a new two-story wood framed apartment building consisting of eight 1300sf+ 2BR Townhouse Style units along with 8 new one car garages, driveways, parking areas, utilities, on-site septic systems, and storm drainage improvements and landscaping plans, and existing building conversions. Gas utilities are already on site to the existing building, with available public water in Rt 6. Note, the new 8 Unit Town House building sizing and layout, was designed and approved for modular construction, but could also be site built.
$1,149,000 • 2.50%
Make OfferGeorge F. Walker, Advantage Realty, Inc.
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