New London CT Multi Family for Sale
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.14 Acres
- Year built:
- 1849
- Baths:
- MLS#:
- 24063538
- Subdivision:
- N/A
ADDITIONAL INFORMATION
This distressed property is being sold as-is and is ideal for experienced investors or developers. Buyer to verify the number of legal units and zoning compliance during due diligence. No repairs will be made, and cash offers are preferred.
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.08 Acres
- Year built:
- 1860
- Baths:
- MLS#:
- 24063527
- Subdivision:
- N/A
ADDITIONAL INFORMATION
This distressed property is being sold as-is and is ideal for experienced investors or developers. Buyer to verify the number of legal units and zoning compliance during due diligence. No repairs will be made, and cash offers are preferred. Don't miss this chance to unlock its potential-schedule your showing today!
$549,900
205 Shaw Street New London, CT 06320
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.15 Acres
- Year built:
- 1900
- Baths:
- 4.00
- MLS#:
- 24063083
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Attention investors and owner-occupants! Welcome to 205 Shaw Street, a 4-family property offering immediate cash flow with an 8 CAP and potential to stabilize at an impressive 9.5 CAP. This prime value-add opportunity features three occupied units. All four units have been updated: Two units with partial upgrades (new flooring and bathroom updates) and two units with complete, beautiful renovations featuring brand-new vinyl flooring, stainless steel appliances, and modern finishes, appealing to today's renters. Located in a high-demand area with steady rent growth, it's just 3 miles from the Groton Submarine Base, local beaches, and universities, and only a 15-minute commute to Electric Boat. Situated one block from a brand-new luxury apartment complex, this property guarantees strong rental demand. Whether you're looking to build your portfolio or live mortgage-free with rental income covering your expenses, 205 Shaw Street is a rare opportunity to own a cash-flowing asset in a thriving market. This gem won't last-lock it in today!
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.19 Acres
- Year built:
- 1900
- Baths:
- 2.00
- MLS#:
- 24044451
- Subdivision:
- N/A
ADDITIONAL INFORMATION
This charming multi-family home at 40-42 Sherman St in New London, CT, built in 1900, offers a unique investment opportunity. With a total of 4 bedrooms, 2 bathrooms, this is a 2-story property boasting a large front porch, basement, and a finished attic, for additional square footage. The vintage architecture and historical charm add character to this property, making it a standout in the neighborhood. Minutes from Guthrie Beach, Ocean Beach, and Harkness Memorial State Park, this is a great location to enjoy the outdoor environment and to ensure peace of mind. 40-42 Sherman St offers endless possibilities for its new owner.
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New London Real Estate
The median home value in New London, CT is $255,000. This is lower than the county median home value of $320,100. The national median home value is $338,100. The average price of homes sold in New London, CT is $255,000. Approximately 34.81% of New London homes are owned, compared to 55.94% rented, while 9.26% are vacant. New London real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a New London real estate agent to arrange a tour today!
New London, Connecticut has a population of 27,585. New London is less family-centric than the surrounding county with 24.13% of the households containing married families with children. The county average for households married with children is 27.48%.
The median household income in New London, Connecticut is $50,819. The median household income for the surrounding county is $79,040 compared to the national median of $69,021. The median age of people living in New London is 32.8 years.
New London Weather
The average high temperature in July is 80.7 degrees, with an average low temperature in January of 21 degrees. The average rainfall is approximately 50.1 inches per year, with 25.7 inches of snow per year.