Wallingford X is a 25-unit multifamily property (18 studios, 7 - 1 bedroom/1 bathroom) perched above the vibrant and highly sought-after Wallingford neighborhood. The units feature lake, city, and territorial views that charms tenants and keeps the property at high occupancy. The asset is fully occupied for the next 4 years with 4% annual increases. Each unit offered fully furnished was renovated with brand new flooring, new hardware, fixtures, and trim, and the owners installed new kitchens & kitchenettes. Wallingford X represents a strong value-add investment with its current rents providing steady cash-flow and opportunity for significant upside from market rents and future redevelopment of up to 66 SEDU or 77 congregate housing units.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
