23 Hydelor Avenue Prospect, CT 06712

Rare opportunity to own one of the only multi family complexes in rural Prospect! Zoning regulations no longer allow for multi family to be built. Minimal competition for rentals. 8 total apartments comprised of 3 buildings on over 5 acres. One 6 unit townhouse style apartment building, two single family houses. Units have recently been updated throughout the years. Complex owned by same family since being built in 1985. On site coin operated laundry room. Long term tenants in place. Fully rented. Many of the tenants have been in place for 10+ years. All tenants pay on time and in full. Rents are below market rates, allowing for future owner to increase and improve NOI. 7.6% rate. $68k NOI. See attached documents for further info, expense breakdown, apartment details, and maps.