16
Map
90 Welch Road
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 27, 2026 | Listed by Century 21 AllPoints Realty | $5,400,000 | |
| Listed by Century 21 AllPoints Realty | |||
| Feb 25, 2025 | Price Decreased |
$6,490,000
↓ $410K
(5.9%) | |
| Price Decreased | |||
| Apr 29, 2024 | Listed | $6,900,000 | |
| Listed | |||
| | |||
|
Unbelievable opportunity for the enthusiastic visionary to purchase and develop these twenty-three (23) pristine Acres of Residential (R-40) land in Southington, Connecticut. Access from Welch Road is 90' of frontage. Land gently slopes from eastern side at 270' to the western side of 220'. Abuts residential properties on West St (eastern side). North Ridge Court (western side) and Bagno dr. (southern side). Ideal property with two in outs and with traffic light on Welch Rd and West Pine Dr to Bagno *** Possibility of active 55+ adult community**Please note, parts of this beautiful land borders West Street Business District so there may be a possibility of a variance for Business Zone To truly appreciate these beautiful 23 acres, please, make an appointment to walk this parcel with us today! PROPOSED MINIMUM 61 UNITS WITH ZONE CHANGE TO ARCHZ WITH TOWN APPROVAL **We invite you to view our property video tour available on LoopNet**
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| Dec 2, 2023 | No longer available | - | |
| No longer available | |||
| Nov 2, 2023 | Relisted | $7,900,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017