33
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$1,500,000
Est. payment /mo
2 BA
4,755 SqFt
Active
79 Balance Rock Road #APT 18 Seymour, CT 06483
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UPDATED:
01/29/2025 04:37 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,755 sqft
Price per Sqft $315
MLS Listing ID 24070298
Full Baths 2
HOA Fees $301/mo
Year Built 1970
Annual Tax Amount $14,118
Lot Size 1.500 Acres
Property Description
Rarely available, package of six warrantable condo units at Balance Rock Condominiums in Seymour, CT that offer a low-risk investment opportunity with a fully rented portfolio and minimal maintenance requirements, making it an excellent choice for real estate investors seeking stable cash flow and portfolio diversification. Situated on a serene hilltop with easy access to major highways and employment hubs, this well-established complex features a mix of (3) one- and (3) two-bedroom units that appeal to a broad tenant base, including young professionals, retirees, and small families. With strong rental demand and reliable occupancy, the property generates consistent income while requiring low operational oversight thanks to an effective HOA that not only manages common area maintenance but also pays and services all heating and hot water systems. Amenities such as an in-ground pool, playground, laundry, additional storage, ample parking, tennis/basketball courts, and a clubhouse enhance resident satisfaction, while the nearby parks, hiking trails, and a charming downtown add to its appeal. With steady rental growth, manageable entry costs, and value-add opportunities through targeted renovations, Balance Rock Condominiums presents a secure and attractive option for investors looking to capitalize on CT's affordable housing market. The complex also features a great location close to shopping, library, restaurants, train station, Rt. 8, 67, & 34.
Location
State CT
County New Haven
Zoning MF
Interior
Heating Hot Water
Cooling Wall Unit
Exterior
Exterior Feature Sidewalk, Gutters, Lighting
Parking Features Driveway, Paved, Off Street Parking
Utilities Available Electric, Phone Available, Cable Available
Roof Type Asphalt Shingle
Building
Lot Description Level Lot, Sloping Lot
Story 2
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Amanda Faroni-Sheehan • Oxford Realty