132 W Main St
Chester, CT 06412

Gatehouse Apartments is a four building, 10 unit residential rental community. It is located close to the Chester Village center in a commercial and residential setting adjacent to the highly acclaimed shoreline area of Connecticut. Chester is the quintessential New England town offering residents a quiet, country atmosphere while being serviced by Route 9, less than 15 miles from a full interchange with Interstate 95, major retailers and ample employment. Cedar Lake is nearby for swimming and small boating. Each unit offers modern apartment amenities, with historic finishes of converted antique buildings to residential use in the 1990’s. These finishes include multiple fireplaces, wide board flooring, large bright windows, stone walls, updated electrical system with circuit panels, fire safety system, resident paid heat, hot water and electric in 7 of the 10 units, ample onsite parking and a resident laundry facility. All but two of the units have private entrances and two apartments have private decks. One of the ten units was built within the past two years and contains a split HVAC system and in unit washer/dryer. The Gatehouse Apartments are owned and managed with a pride of ownership. The apartments and grounds are extremely well kept and the property is operated at or close to 100% occupancy on a regular basis with very low turnover. This is a turn key investment opportunity in a truly one of a kind property in high rental demand with continued upside rental growth.