18 Sherman Street is located on a beautiful, tree lined street steps away from the stately University of CT Law School Campus, the historic Mark Twain House and Harriet Beecher Stowe Center. The area is home to an eclectic coffee bar, cafes and restaurants. This 3 story brick asset consists of 21apartment units in the desirable West End neighborhood. The three-story brick building was constructed in 1959, consists of 14,514 square feet and is situated on .36 acres. The unit mix consists of: 4: 2-bedroom/1-bathroom units; 11: 1-bedroom/1-bathroom units, 6: Studio/1-bath units. Since purchase, ownership has remodeled several units with top of the line finishes, including: stainless appliances, granite countertops, modern flooring, shaker cabinets, decorative backsplashes, attractive lighting and cordless shades. Pride of ownership is evident as the common areas have been recently upgraded with new flooring, paint, and LED lighting, enhancing the curb appeal, and paving the way for additional unit renovations. The Landlord is responsible for heat, hot/cold water, sewer and common area electric. The asset features a high end, efficient Lochinvar Gas Heating System. The tenants pay electric and the electric has been updated to circuit breakers and there are subpanels for each unit. The building has newer windows. Rents increased 8% Year over Year since March 2020, when majority ownership took over Property Management
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