–Leading investment sales firm represents the seller and procures the buyer for the multifamily property in Ashford, Connecticut–
Shelton, CT (October 17, 2023) – Northeast Private Client Group® (NEPCG) has announced the sale of the Ashford Hills Apartments in Ashford, CT.
Vice President Taylor Perun and Associate Cameron Formica represented the seller and procured the buyer for the multifamily transaction.
Ashford Hills Apartments, located at 95 Varga Road, is a 52-unit value-add apartment complex that underwent renovations in 1969. It represents a unique opportunity to acquire an extremely well-located asset with significant upside through the execution of a mark-to-market rent increase strategy.
Situated in the charming New England town of Ashford, located in the “Quiet Corner” of Northeast Connecticut, the property is surrounded by picturesque landscapes and borders the Natchaug State Forest. Offering an array of recreational activities such as hiking, fishing, picnicking, horse trails, and historical sites, Ashford provides a quality of life that residents at Ashford Hills Apartments can enjoy.
Tenants have a direct route to a range of employment opportunities with easy access to major employment centers in Harford (35 minutes away/30 miles), Worchester (45 minutes/43 miles), Springfield (55 minutes/35 miles), Providence within an hour’s reach (45 miles), and Boston (1-hour 25-minute drive/80 miles). Northeast Private Client Group® specializes in mixed-use, retail, and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1,200 successful transactions have been completed, totaling over $4 billion in value within local submarkets around the Northeast and Southeast regions of the United States.
As seen in: Hartford Business Journal