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$ 525,000
Est. payment /mo
New
19 Summer Street New London, CT 06320
6 Beds
3 Baths
2,738 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,738 sqft
Price per Sqft $191
MLS Listing ID 24106926
Style Units on different Floors
Bedrooms 6
Full Baths 3
Year Built 1900
Annual Tax Amount $5,429
Lot Size 4,791 Sqft
Property Sub-Type 3 Family
Property Description
This fully occupied, cash-flowing three-family property in the heart of New London generates over $60,000 in gross annual income, with an approximate net income of $55,000 per year-making it a strong turnkey investment with room to grow. Each of the three spacious units features 2 bedrooms and 1 full bath, offering generous layouts that appeal to a wide range of tenants. Two units have been updated within the past year, and the building boasts a brand-new Gambrel-style roof with 30-year shingles for long-term durability. Located in a convenient and desirable area of New London, the property offers easy access to major highways, public transportation, downtown shops and restaurants, local colleges, and the waterfront-enhancing its rental appeal. Additional highlights include on-site laundry in the basement and plentiful private off-street parking. With the potential to increase income by updating the remaining unit, this property combines immediate cash flow with long-term upside in a growing coastal city known for strong rental demand and vibrant community life. Please come and take a look!
Location
State CT
County New London
Zoning Multi
Rooms
Basement Partial
Interior
Heating Hot Water
Cooling Wall Unit
Exterior
Parking Features None, Paved, Off Street Parking, Driveway
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Stephano Stravoravdis • Real Broker CT, LLC