New Listing - 01/22/2025

$1,500,000

Est. Mortgage $7,585/mo *

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79 Balance Rock Road, #APT 18, Seymour, (Bungay), CT, 06483

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3 beds

2 Full baths

1970

4,755 sqft

Rarely available, package of six warrantable condo units at Balance Rock Condominiums in Seymour, CT that offer a low-risk investment opportunity with a fully rented portfolio and minimal maintenance requirements, making it an excellent choice for real estate investors seeking stable cash flow and portfolio diversification. Situated on a serene hilltop with easy access to major highways and employment hubs, this well-established complex features a mix of (3) one- and (3) two-bedroom units that appeal to a broad tenant base, including young professionals, retirees, and small families. With strong rental demand and reliable occupancy, the property generates consistent income while requiring low operational oversight thanks to an effective HOA that not only manages common area maintenance but also pays and services all heating and hot water systems. Amenities such as an in-ground pool, playground, laundry, additional storage, ample parking, tennis/basketball courts, and a clubhouse enhance resident satisfaction, while the nearby parks, hiking trails, and a charming downtown add to its appeal. With steady rental growth, manageable entry costs, and value-add opportunities through targeted renovations, Balance Rock Condominiums presents a secure and attractive option for investors looking to capitalize on CT's affordable housing market. The complex also features a great location close to shopping, library, restaurants, train station, Rt. 8, 67, & 34.

Status:

Active

Town:

Seymour

Type:

Commercial

Units:

Zoning:

Frontage:

Paved Road

Complex:

Balance Rock

Garage:

Driveway, Paved, Off Street Parking

Heating:

Hot Water

Cooling:

Wall Unit

Parking:

12-car

Common Charge:

$301 Monthly

Acreage:

1.5

Est. Taxes:

$14,118

Assessment

$55,790

HOA Fee

$301

Current Use

residential

Permitted Use

residential

Utilities

Electric,Phone Available,Cable Available

Lot Description:

Level Lot,Sloping Lot

Days on Market:

MLS #:

24070298

Community Info

School Info

Walk Score

Mass Transit

Yelp

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79 Balance Rock Road, #APT 18, Seymour, (Bungay), CT, 06483

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