95 Varga Rd

Nestled in the scenic "Quiet Corner" of northeastern Connecticut, Ashford is a charming rural town in Windham County, encompassing approximately 39.5 square miles. With a population of around 4,400 residents, Ashford offers a tranquil lifestyle amidst rolling hills, dense forests, and pristine lakes, including Ashford Lake and Lake Chaffee. Strategically located at the intersection of Routes 44 and 74, and with Interstate 84 traversing its northwestern corner, Ashford provides convenient access to major cities: approximately 29 miles east of Hartford, 40 miles west of Providence, and 80 miles southwest of Boston. Located just 8 miles from Ashford, the University of Connecticut's main campus in Storrs is a prominent public research institution and a key economic and cultural driver in the region. As of Fall 2023, UConn enrolls approximately 19,388 undergraduates at the Storrs campus alone. The university offers a diverse range of academic programs and is recognized for its excellence in fields such as business, engineering, and liberal arts. UConn's presence contributes to a vibrant local economy, providing employment opportunities and attracting visitors for various events and activities. The close proximity of Ashford to this major educational hub enhances its appeal to residents, investors, and businesses seeking to engage with a dynamic university community.Northeast Private Client Group has been exclusively retained to sell Ashford Hills Apartments, a 52- unit value-add apartment community in the town of Ashford, Connecticut. Ashford Hills Apartments 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. The tenants are responsible for their heat and hot water expense which is supplied through all electric units. During the tenure of ownership, the owner has invested over $600,000 in various capital projects including, brand new roof (2023), reconstruction of the well house water system (2025), installation of security cameras throughout (2023), new carpeting and painting throughout all common areas (2023) and LED lighting upgrades (2024). 28 of the 52 units have been turned with various updates while 8 of these units have received premium-level finishes. The property also features ample off street parking for all tenants/visitors as well as a laundry facility. With the asset’s strong historical occupancy and high projected near-term rent growth, a buyer is well positioned to capitalize on this outstanding value-add investment opportunity.