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23-25 Hayward Ave
Colchester, CT
Price:
$1,535,000

20220702_170112206_iOS

Outside angle

20221113_195328686_iOS

20220702_170112206_iOS
1/9
price
$1,535,000
square feet
6,346
cap rate
8.1%
built
1760/1930
units
9
buildings
2
noi
$124,607
renovated
2013
description:
Sky Realty Group is proud to present 23-25 Hayward Ave in
Colchester, a very rare and unique 9 unit multifamily property
consisting of 2 buildings on one parcel. The main building,
dating back to 1780 and known as the Joseph Isham House,
exudes charm and character that is attractive to prospective
tenants. This property offers a lucrative investment
opportunity with well-qualified tenants and minimal
vacancies, reflecting the high demand for rental properties in
the thriving Colchester market.
Each unit has been thoroughly renovated by current
ownership while preserving some of the historical aesthetics,
such as hardwood flooring and the original cupola
overlooking the town. Capital improvements over the past
decade include: electrical, plumbing, insulation, roof, main
sewer line to street, energy efficient double pane windows,
vinyl and tile flooring, drywall, fire rated steel doors, wired fire
alarm system, separately metered electric panels,
landscaping and tree work.
The unit mix includes (1) efficiency, (5) 1-beds, (2) 2-beds, and
(1) large 2-bed penthouse, each with separate and tenant
paid electric water heaters and baseboard heat. Don't miss
out on the opportunity to invest in a property that seamlessly
blends character with functionality, offering a truly unique
living experience for residents.
Prime downtown location directly across from the Town
Green, a hub for community events and festivities. Amenities
can be found all around a half mile radius including:
restaurants, boutique retail shopping, grocery stores, and
service businesses.
Seamless access to major thoroughfares Route 2 and Route
85 ensures quick and easy commuting, with Hartford,
Middletown, Norwich, and New London all within a 25-
minute drive.
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