Multifamily
Faylor Apartments
130 Boston Post Rd, East Lyme, CT 06333
Listing Price: $3,200,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire the Faylor Apartments located at 130 Boston Post Road in East Lyme, Connecticut. This meticulously maintained legacy asset that has been under the same ownership and management for more than 45 years features 36 apartments, primarily two-bedroom townhomes with private basements, in the desirable Connecticut shoreline community of East Lyme. Faylor Apartments is Affordable Housing currently regulated as to its use, occupancy and resident income requirements under the Moderate Rental Program*.
Exclusively Listed By
Listing Price: $3,200,000
Investment Highlights
- Legacy Asset Under Continuous Ownership for More than 45 Years
- Completely Renovated and Refurbished from a $2.7m Grant in 2014 ($75,000/unit)
- Townhouse Style Apartments (30 of 36 Units)
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire the Faylor Apartments located at 130 Boston Post Road in East Lyme, Connecticut. This meticulously maintained legacy asset that has been under the same ownership and management for more than 45 years features 36 apartments, primarily two-bedroom townhomes with private basements, in the desirable Connecticut shoreline community of East Lyme. Faylor Apartments is Affordable Housing currently regulated as to its use, occupancy and resident income requirements under the Moderate Rental Program*.
Exclusively Listed By
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