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Wallingford

7-11 Wilcox Lane, Wallingford

INVESTMENT OPPORTUNITY - Property consists of 10 two-bedroom apartments in two buildings on +/-1.5 acres in the Yalesville section of Wallingford, CT. This well maintained and fully tenanted facility consists of a 6 family apartment building and a 4 family apartment building. There is a coin operated laundry and tenant storage areas on the lower level of the 4 family building. The facility sits on a private road in this quiet residential area and boasts a large private rear yard. Heat and appliances are all electric, a plus because Wallingford enjoys its own electric company with rates far below average for Connecticut. Current rents are well below market, offering a significant upside for investors as the increase in anticipated NOI if rents are brought to present market rate would be substantial. A third building (previously approved) on the site may be possible. Proof of funds or financability will be required. Listing agent must be present at all showings. Do not walk the property or enter the premises.

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Commercial
SOLD

7-11 Wilcox Lane, Wallingford, CT 06492

8800
Sq Feet
1.49
Acres
Commercial
Commercial