75 Avonwood Rd Avon, CT 06001

Exceptional opportunity to acquire 29.39 acres of land in Avon, Connecticut, with approved plans for a 250-unit residential development. This project expands upon an existing 189-unit property, adding two four-story buildings comprising 196 apartments with a diverse mix of one-, two-, and three-bedroom units, including various bathroom configurations. In addition, the development incorporates 54 townhome-style units, offering a variety of housing options to cater to diverse lifestyles. The expansive amenity package will include a new pool and clubhouse, a large patio and pavilion, basketball courts, picnic areas, grilling stations, walking trails, and ample parking. Twenty percent of the units will meet affordable housing requirements. The project is projected to increase current tenant rent by approximately $75 per month due to the significant amenity upgrades. The current ownership team is open to remaining involved in the management and execution of this expansion. The asking price for this exceptional development opportunity is $12,000,000. Located at 75 Avonwood Rd, Avon, CT 06001, this high-income suburban location presents a compelling investment prospect.