RECENTLY CLOSED TRANSACTIONS

Birchwood Apartments; a 32-unit apartment complex located at 400 Washington Street in Middletown, CT, offers a very well located and maintained investment offering with ease of access for Interstates 91, 84 and Route 9. The property location is within one half mile of Wesleyan University and the downtown commercial district of Middletown. The immediate area of Washington Street is comprised of mixed-use commercial, retail, office and multifamily buildings, making for a convenient multifamily location. Birchwood Apartments offers laundry facilities on each floor, a five stop hydraulic elevator, secure entry with intercom system and on site parking for 32 cars including six covered spaces. This 32 unit building contains 24 one bedroom and 8 large studio apartments with tenant paid electric baseboard heat. The building is steel frame with brick exterior and contains approximately 22,368 square feet of gross area.