Seller's Agent in 2021
Michael Guastaferri
MAG Investments LLC
(203) 233-0017
4 in this area
9 Total Sales
23 Hydelor Ave Prospect, CT 06712
--
Bed
--
Bath
8,500
Sq Ft
5.15
Acres
Highlights
- 5.15 Acre Lot
- Partially Wooded Lot
- Ceiling Fan
- Wetlands on Lot
- No HOA
- Baseboard Heating
About This Home
As of July 2021Rare opportunity to own one of the only multi family complexes in rural Prospect! Zoning regulations no longer allow for multi family to be built. Minimal competition for rentals. 8 total apartments comprised of 3 buildings on over 5 acres. One 6 unit townhouse style apartment building, two single family houses. Units have recently been updated throughout the years. Complex owned by same family since being built in 1985. On site coin operated laundry room. Long term tenants in place. Fully rented. Many of the tenants have been in place for 10+ years. All tenants pay on time and in full. Rents are below market rates, allowing for future owner to increase and improve NOI. 7.6% rate. $68k NOI. See attached documents for further info, expense breakdown, apartment details, and maps.
Last Agent to Sell the Property
MAG Investments LLC License #REB.0791907 Listed on: 04/19/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,946
Year Built
- Built in 1984
Lot Details
- 5.15 Acre Lot
- Partially Wooded Lot
Home Design
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 8,500 Sq Ft Home
- Ceiling Fan
- Crawl Space
Parking
- Parking Lot
- Off-Street Parking
Outdoor Features
- Wetlands on Lot
Schools
- Prospect Elementary School
- Woodland Regional High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Baseboard Heating
- Private Company Owned Well
- Electric Water Heater
Community Details
Overview
- No Home Owners Association
- 8 Units
Additional Features
- Coin Laundry
- Gross Income $90,240
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/23/2021 07/23/21 | Sold | $910,000 | +1.1% | $107 / Sq Ft |
| 06/14/2021 06/14/21 | Pending | -- | -- | -- |
| 04/19/2021 04/19/21 | For Sale | $900,000 | -- | $106 / Sq Ft |
Source: SmartMLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,459 | $565,460 | $168,210 | $397,250 |
| 2024 | $9,618 | $299,240 | $112,130 | $187,110 |
| 2023 | $9,552 | $299,240 | $112,130 | $187,110 |
| 2022 | $9,561 | $299,240 | $112,130 | $187,110 |
| 2021 | $9,665 | $299,240 | $112,130 | $187,110 |
| 2020 | $9,946 | $314,740 | $134,320 | $180,420 |
| 2019 | $9,741 | $314,740 | $134,320 | $180,420 |
| 2018 | $9,757 | $314,740 | $134,320 | $180,420 |
| 2017 | $9,836 | $314,740 | $134,320 | $180,420 |
| 2016 | $9,414 | $314,740 | $134,320 | $180,420 |
| 2015 | $9,085 | $310,820 | $131,000 | $179,820 |
| 2014 | $9,008 | $310,820 | $131,000 | $179,820 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Guastaferri
-
Geoffrey Brennan
Buyer's Agent in 2021
Geoffrey Brennan
Great Estates, CT
(203) 417-3626
4 in this area
48 Total Sales
-
William Voight
Buyer Co-Listing Agent in 2021
William Voight
Great Estates, CT
(203) 727-0471
3 in this area
47 Total Sales
Map
Source: SmartMLS
MLS Number: 170391114
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