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$ 534,900
Est. payment | /mo
9 Beds
4 Baths
2,400 SqFt
$ 534,900
Est. payment | /mo
9 Beds
4 Baths
2,400 SqFt
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $222
MLS Listing ID 24063083
Style Units on different Floors
Bedrooms 9
Full Baths 4
Year Built 1900
Annual Tax Amount $4,362
Lot Size 6,534 Sqft
Property Sub-Type 4 Family
Property Description
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!
Location
State CT
County New London
Zoning R-2
Rooms
Basement Full, Apartment
Interior
Heating Hot Air
Cooling None
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Gable
Building
Lot Description Corner Lot
Foundation Stone
Sewer Public Sewer In Street
Water Public Water In Street
Schools
Elementary Schools Harbor
High Schools New London
Listed by Micah Bailey • Alpha Capital Realty, LLC
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Ilka Torres
Broker | License ID: REB.0794005