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Apartments > 30 West Ave

Background

The closing process on our property at 30 West Ave. was lengthy yet rewarding, as we were ultimately able to achieve a significant price reduction. The site is conveniently located near an I-95 interchange, and Norwalk’s new mall, as well as several other Workforce properties. As with other acquisitions, we’re transitioning this property away from mom-and-pop ownership and under-management.

Story

Our plans for this property, now in full swing, are already starting to achieve rent increases that we look forward to being able to further realize as we progress through our renovation cycle. Units are being renovated to our normal standard, including: granite counters, stainless steel appliances, dishwashers, and washer/dryers. At the same time, basic blocking and tackling around pricing and collections have resulted in immediate uplift not enjoyed by the previous owner.

Highlights

Location30 West Ave
City & StateNorwalk, CT
# of Units22
Year Purchased2015