58A Old Amity Road
- 22 units
- Built in 2018
- Zoned R-130
- Bank-owned property
- Approvals for 8 additional units
- Clubhouse and pump house included
- 7 wells and septic systems
Property Description
Presenting a rare investment opportunity in Bethany, CT. This R-130 zoned, bank-owned property includes 22 completed townhomes, with approvals in place for three additional homes and the potential to develop three more on the approved clubhouse site. Additionally, the property holds approvals for eight more units, offering strong upside potential. With infrastructure already in place, this development is primed for expansion. Investors will appreciate the flexibility to operate the property as a multifamily rental community or convert it into a condominium complex with an established association. Whether you're seeking long-term rental income or a for-sale condo strategy, 58A Old Amity Rd presents a ready-to-go opportunity for growth and profitability.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $5,500,000 |
| No. of Units: | 22 |
| Year Built: | 2018 |
| Lot Size: | 33.00 Acres |
| Opportunity Zone: | No |
| Price per unit: | $250,000 |
| Property Website | Click Here |
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