Property Description

7-9 Savery's Lane consists of a two-story building with four residential units comprised of four (4) 2-Bedroom/1-Bathroom units with 3,200 square feet of gross living area in 4,946 square feet of gross area. The Property is situated on a 0.13 acre parcel and features four (4) off-street parking spaces available for residents. Two (2) of the four (4) units feature in-unit laundry. Tenants are responsible for gas-fired heat, a mix of gas-fired & electric powered hot water, and individually metered electricity. The Landlord is responsible for providing town water & sewer, which they pay directly. In-place rents are below the current market rates; the opportunity exists to increase income via programmatic upgrades to the unrenovated units and common areas, in a highly desirable, supply-constrained market. Unit 9-1 delivered vacant.