December 30, 2021
Hartford, CT. Tess Cullen and Steve Pappas of Chozick Realty have facilitated the sale of the Wilcox Apartments, located at 7-11 Wilcox Lane in Wallingford, CT.
This 10-unit apartment complex sold for $1,150,000 or $115,000 per unit.
Built in 1966 in two side by side building, the property is located on a private dead-end street. The unit mix consists of all two-bedroom, one bath apartments.
With the unit mix and age of the property, while maintaining a consistently high occupancy, the property offers upside potential through unit renovations and rental increases, commented Tess Cullen.
The Team of Cullen and Pappas sourced the Purchaser of the Wilcox Apartments.