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Whetstone Mills
WHETSTONE MILLS
KILLINGLY, CT


 
Description

Investment Date: August 1994

Investment Cost: $1.1 Million

Improvement Cost: $0.3 Million

Sale Price: $22 Million

Sale Date: 1995-1998

IRR: 23.5%
Whetstone Mills is a 43 unit residential condominium complex located in Killingly, Connecticut, approximately 30 minutes from Providence, Rhode Island and Worcester, Massachusetts.

Strategy

Cosmetic improvements were made to the site and common areas to make it attractive to owner occupants. It was then marketed and sold to owner occupants.

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Charter Capital Management, Inc.