$925,000 ($144.87 per sqft)

Under Contract

Est. Mortgage $4,677/mo *

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171 Garfield Avenue, New London, CT, 06320

171 Garfield Avenue, New London, CT, 06320
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15 beds

9 Full / 1 Half baths

1875

Units on different Floors, Other

6,385 sqft

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

Status:

Under Contract

Type:

Multi-family

Laundry Remarks:

None

Units:

8

Zoning:

R-2

Heating:

Baseboard

Cooling:

None

Basement:

Full

Acreage:

0.53

Est. Taxes:

$11,184

Assessment

$406,700

Lot Description:

Level Lot

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

18

MLS #:

24029747

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Andrew O'Reilly, Seaport Real Estate Services Email: andrew@seaportre.com