Active

64 Avonwood Road

Avon CT, 06001

$40,000,000


$401.15 per sqft

Active

6 Beds

3 Baths

99,713 sqft

Multi-family

Built in 1977

Rare opportunity to acquire 189 luxury residential units in Avon! Set across 46.6 expansive acres, this prime location is adjacent to vibrant Route-44, providing effortless access to all local amenities. Seamlessly connected to Avon Mountain, there is a direct path from Avon to West Hartford and other bustling towns, yet it maintains a tranquil, suburban ambiance. The property has: (102) 1 Bed, (78) 2 Bed and (9) 3 Bed units. Spacious layouts range from 925SF up to an impressive 1324SF, each featuring a private balcony or patio.The asset is at 92% Occupancy currently. Originally built in 1977, these three-story assets are undergoing extensive upgrades to both units and common area upgrades (~80 units renovated & $3.5M invested into buildings). Residents enjoy amenities such as a swimming pool with cabana and sun deck, two tennis courts, picnic areas and scenic walking trails enriching their lifestyle experience at Avon Woods. These units are poised to command premium rental rates, reflecting the strong demand for upscale living In this affluent area. There is also an option for an expansion package for an additional $12,000,000 (MLS 24037298). This opportunity includes approved plans for a 250 unit expansion including 2 new, four-story buildings totaling 196 units. Enhanced amenities will feature a new pool and clubhouse, expansive patio and pavilion, basketball courts, picnic areas, grilling stations, walking trails, and ample outdoor parking for residents and guests.

24037027

MLS ID

August 2, 2024

Listed

October 2, 2024

Updated

Map

64 Avonwood Road
Avon CT, 06001

Interior Features

Bedrooms

6


Total Bathrooms

3


Full Bathrooms

3


Appliances

Gas Water Heater


Laundry Description

Common Area


Fireplace

No


Cooling

Yes


Cooling Description

Wall Unit(s)


Heating

Yes


Heating Description

Natural Gas, Baseboard

Exterior/Building Features

Lot Size

46.6 Acres


Lot Features

Level


Architectual Style

Units on different Floors, Units are Side-by-Side


Roof

Asphalt


Sewer

Public Sewer

School Information

High School

Per Board of Ed


Elementary School

Per Board of Ed

Other Property Details

Area Name

N/A


Taxes

$588,307


Tax Frequency

Annually


Days on Market

62


Garage

No


Parking

None


View

No


County

Hartford


Water Source

Public


Pool

Yes


Pool Features

Outdoor Pool, In Ground


Zoning

RU2A

Listed by Lisa Cozzi with Berkshire Hathaway NE Prop.

Listing Contact: 8602153634 

The IDX display contains information sourced from the  Smart MLS, Inc as of 10/2/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/2/2024 at 7:02 AM UTC

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