-
$925,000
PRICE
-
15
Beds
-
9/1
Baths
-
6,385
Sqft
-
0.53
Acres
-
1875
Built
Discover an exceptional investment opportunity with this historic eight-unit apartment building at 171 Garfield Ave, New London. Built in 1875 and renovated in 2003, this property blends timeless charm with modern amenities. Located in a prime area, it offers easy access to medical facilities, shopping, and public transportation. Each unit features modern conveniences, including baseboard heating and natural gas water heating. Managed by Blue Rock Property Group, the building is well-maintained and currently generates $9, 400 monthly rent, with potential to increase to $11, 500. With a low vacancy rate and strong rental market, this property is a lucrative addition to any investment portfolio
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Additional Information
ADDITIONAL INFORMATION
- AVERAGE DAYS ON MARKET: 18
- BASEMENT DESCRIPTION: Full
- DAYS ON MARKET: 18
- ELEMENTARY SCHOOL: Per Board of Ed
- HIGH SCHOOL: Per Board of Ed
- IS OCCUPIED?: Tenant
- LIVING AREA SQFT: 6,385
- PROPERTY TAX: $11,184
- SEWER: Public Sewer Connected
- STATUS: Under Contract
- STYLE: Units on different Floors, Other
- SUBTYPE: 5 Family+
- TAX AMOUNT: $11,184
- TAX YEAR: July 2024-June 2025
- TYPE: Multi-Family For Sale
- UNIT COUNT: 8
- YEAR BUILT: 1875
- YEAR BUILT DETAILS: Public Records
- ZONING: R-2
AMENITIES
- Medical Facilities
- Public Rec Facilities
- Public Transportation
- Shopping/Mall
INTERIOR/EXTERIOR FEATURES
- BEDS: 15
- EXTERIOR SIDING: Asbestos
- FULL BATHS: 9
- FURNACE TYPE: Electric, Natural Gas
- HALF BATHS: 1
- HEAT: Electric, Natural Gas
- HEAT FUEL: Electric, Natural Gas
- HOT WATER: 40 Gallon Tank
- HOUSE COLOR: Blue
- ROOF: Asphalt Shingle
- TOTAL BATHS: 10
Location for 171 Garfield Avenue, New London, CT