64 Avonwood Rd | Avon, CT 06001
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64 Avonwood Rd
Avon, CT 06001
Avon Gardens Development · Land For Sale · 29.36 AC
Investment Highlights
- Rare Approved 250 Unit Opportunity
- Can be Purchased With Existing 189 Units
- Construction/Management Available With Deal
- Diverse Unit Layouts
Executive Summary
Rare development opportunity in Avon! This exceptional opportunity includes approved plans for a 250 unit expansion to an existing 189 unit property. The development includes two, four-story buildings totaling 196 units, featuring (122) One-Bedroom, (30) Two-Bedroom/One Bathroom, (32) Two-Bedroom/Two Bathroom, and (12) Three-Bedroom/Two Bathroom residences. Additionally, the expansion introduces townhome-style units: (14) One Bedroom/One Bathroom, (14) Two Bedroom/One Bathroom, and (26) Three Bedroom/2.5 Bathroom units providing residents with a variety of housing options tailored to modern lifestyles. 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. 20% of these units will meet Affordable Housing requirements and the enhancement will result in ~$75/mth rent increase for current tenants due to amenity upgrade. The current owner/team is open to staying on to manage and execute this expansion project.
PROPERTY FACTS
1 Lot Available
Lot
Price | $12,000,000 | Lot Size | 29.36 AC |
Price Per AC | $408,719 |
Price | $12,000,000 |
Price Per AC | $408,719 |
Lot Size | 29.36 AC |
zoning
Zoning Code | RU2A |
RU2A |
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