New Listing - 12/06/2024

$549,900 ($229.13 per sqft)

Est. Mortgage $2,673/mo *

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205 Shaw Street, New London, CT, 06320

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13 rooms

8 beds

4 Full baths

1900

Units on different Floors

2,400 sqft

Attention investors and owner-occupants! Welcome to 205 Shaw Street, a 4-family property offering immediate cash flow with an 8 CAP and potential to stabilize at an impressive 9.5 CAP. This prime value-add opportunity features three occupied units. All four units have been updated: Two units with partial upgrades (new flooring and bathroom updates) and two units with complete, beautiful renovations featuring brand-new vinyl flooring, stainless steel appliances, and modern finishes, appealing to today's renters. Located in a high-demand area with steady rent growth, it's just 3 miles from the Groton Submarine Base, local beaches, and universities, and only a 15-minute commute to Electric Boat. Situated one block from a brand-new luxury apartment complex, this property guarantees strong rental demand. Whether you're looking to build your portfolio or live mortgage-free with rental income covering your expenses, 205 Shaw Street is a rare opportunity to own a cash-flowing asset in a thriving market. This gem won't last-lock it in today!

Status:

Active

Type:

Multi-family

Units:

Zoning:

R-2

Heating:

Hot Air

Cooling:

None

Basement:

Full, Apartment

Acreage:

0.15

Est. Taxes:

$4,362

Assessment

$158,600

Lot Description:

Corner Lot

Elementary School:

Harbor

High School:

New London

Days on Market:

MLS #:

24063083

Community Info

School Info

Walk Score

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