NOMADEReal Estate

$700,000

Closed

179 Montauk Avenue

New London, Connecticut, 06320 · New London County

7

Beds

6

Baths

4,360

Sq Ft

1903

Built

MLS # 170572442

Price / Sq Ft

$161

Property Type

Multi-Family For Sale

Lot Size

0.24

Class

Property

About This Property

INVESTOR ALERT!!!! Huge 8 unit multi-family home situated on a corner lot with city views and easy assess to Electric Boat, Yale New Haven Hospital and Mitchell College. This fully rented out building boasts over $54,000 in income in 2022. This well cared for home features six 1 bedroom/1 bathroom, one 2 bedroom/1 bathroom and one Studio apartment. Five out of the eight units have been completed renovated with fresh paint, refinished floors, new cabinets and counters, tiled backsplashes, new appliances and remodeled bathrooms. All units but one include heat and hot water in the rents. The main floor coin operated laundry area convenience for the tenants and boast around $1000 added income annually. This lovely home also features a 2 car detached garage and a full unfinished basement. All units are rented and up to date on all rents. Home is on the SEAT bus line. If you’re looking to build your real estate portfolio don’t miss this fantastic property.

Property Details

179 Montauk Avenue, New London Connecticut 06320 — Multi-Family For Sale listed at $700,000.

At a Glance

7

Bedrooms

6

Bathrooms

4,360

Sq Ft

0.24

Lot Size

--

Garage

1903

Year Built

The Details

Property TypeMulti-Family For Sale
NeighborhoodNew London
Address179 Montauk Avenue
MLS Number170572442
Year Built1903
Square Footage4,360
Lot Size0.24
Bedrooms7
Bathrooms6
Water SourcePublic Water Connected

Property Details

Financial

Assessed Value227850
Mil Rate Total37.24
Property Tax8485
Tax YearJuly 2023-June 2024

Property Features

Attic DescriptionAccess Via Hatch
Attic YN1
Basement DescriptionFull With Hatchway,Unfinished,Concrete Floor,Hatchway Access
Cooling SystemNone
Driveway TypeOther
Exterior FeaturesGutters
Exterior SidingVinyl Siding
Foundation TypeStone
Fuel Tank LocationIn Basement
Garage ParkingDetached Garage,Driveway,On Street Parking
Garages Number2
Heat Fuel TypeOil
Heat TypeRadiator,Steam
Hot Water DescriptionNatural Gas
Laundry Room InfoCoin Op Laundry,Common Laundry Area
Laundry Room LocationCoin Op Laundry 1st Floor
Roof InformationAsphalt Shingle

Other Details

ColorGray
Gross Annual Expense26862
Gross Annual Income81554
Lockbox LocationRear bulkhead door
Net Operating Income54692
Parcel Number1999073
Parking Total Spaces2
Virtual Tour YN1
ZoningRES/MU

All Photos (40)

Affordability Calculator

$700,000

Down Payment$140,000
Loan Amount$560,000
Principal & Interest$3,540/mo
Property Tax$700/mo
Insurance$100/mo
Est. Monthly$4,340/mo

Listing Agent

S

Scott Pellerin

Coldwell Banker Realty

Contact Scott Pellerin

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Quick Facts

StatusClosed
TypeMulti-Family For Sale
ClassProperty
MLS #170572442
Last Updated2023-08-28