$2,500,000
$2,750,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
22,320 SqFt
SOLD DATE : 07/02/2021
Key Details
Sold Price $2,500,000
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Sold
Purchase Type For Sale
Square Footage 22,320 sqft
Price per Sqft $112
MLS Listing ID 170376504
Sold Date 07/02/21
Style Other
Year Built 1958
Annual Tax Amount $27,801
Lot Size 1.520 Acres
Property Description
24 Unit residential complex on a private Cul-de-sac located within 1 mile of Pfizer and Electric Boat. Complex is broken down to 6 buildings consisting of 4 units each and all units are 2 bedroom-1bathroom. Public water and sewer along with electric heat that is paid by tenants. Brick facade exteriors with new roofs and updates to replacement windows. Great upside potential to Increase CAP rate as rents have remained well below market at $750 per month.
Location
State CT
County New London
Zoning R52
Rooms
Basement None
Interior
Heating Baseboard
Cooling None
Exterior
Garage Assigned Parking, Off Street Parking
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description On Cul-De-Sac
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Fitch Senior
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Bought with Constance Howard • US Properties
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Broker | REB.0791464