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Apex Townhomes 31-1 Lillian Dr

37 Unit Apartment Building $11,399,999 ($308,108/Unit) Manchester, CT 06042

Investment Highlights

  • Location Location Location
  • Kids play area
  • Pickleball Courts
  • Pond

Executive Summary

Turn key thirty-seven new construction townhomes are in the process of being constructed with the first of six
buildings projected to be completed at the end of February 2024. Each town home will be around 1,100sf with two bedrooms
and two 1/2 baths. The two bedrooms are on the second flooreach with their own full bath. They all have private entrances,
front porches and a rear patio area. The kitchens will be complete with granite or quartz countertops and stainless steel
appliances. Each unit is equipped with central air, forced air (natural gas) and in unit washers and dryers. There will be a
clubhouse with a gym, business center and multiuse room.The grounds will offer walking trails, picnic area, playground
and a pond.
Location! Location! Location!
Manchester is centrally located in Connecticut. Less than a mile to I-84, 291 and 384. The town homes are located within one mile or less to main retail centers and shopping malls. Across the street is Union Pond and walking trails. Close to Manchester’s Historic Main st downtown area.There is a large industrial presence in the town as well as office, multifamily and residential. Central location between Boston and New York.

Property Facts

Price $11,399,999
Price Per Unit $308,108
Sale Type Investment
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
No. Units 37
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 4.20 AC
Building Size 40,000 SF
No. Stories 2
Year Built 2024
Parking Ratio 1.85/1,000 SF

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Granite Countertops
  • Hardwood Floors
  • High Speed Internet Access
  • Tub/Shower
  • Wi-Fi
  • Basement
  • Breakfast Nook
  • Double Pane Windows
  • Handrails
  • Island Kitchen
  • Patio
  • Porch

Site Amenities

  • Business Center
  • Clubhouse
  • Fitness Center
  • Picnic Area
  • Playground
  • Media Center/Movie Theatre
  • Shuttle to Train
  • Walking/Biking Trails
  • Community-Wide WiFi
  • Maintenance on site
  • Multi Use Room
  • Pond

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2.5 37 $2,500 1,100

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MANC-000088-003510-000027
Land Assessment
$295,200
Improvements Assessment
$775,300
Total Assessment
$1,070,500

zoning

Zoning Code PRD (Planned Residential Development)
PRD (Planned Residential Development)
  • Listing ID: 28714120

  • Date on Market: 6/9/2023

  • Last Updated:

  • Address: 31-1 Lillian Dr, Manchester, CT 06042

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