CT > New London
New London, CT 06320,65 Shaw Street
New London, CT 06320,65 Shaw Street
New London, CT 06320,65 Shaw Street
New London, CT 06320,65 Shaw Street
New London, CT 06320,65 Shaw Street
New London, CT 06320,65 Shaw Street
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Ilka Torres

Ilka Torres

+1(860) 985-3788
$ 649,900
Est. payment | /mo

7 Beds

5 Baths

3,557 SqFt

Save
$ 649,900
Est. payment | /mo
Save

7 Beds

5 Baths

3,557 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,557 sqft

Price per Sqft $182

MLS Listing ID 24069261

Style Units on different Floors,Units are Side-by-Side

Bedrooms 7

Full Baths 5

Year Built 1900

Annual Tax Amount $6,908

Lot Size 9,147 Sqft

Property Sub-Type 5 Family+

Property Description

Investors, don't miss this solid value-add opportunity in New London! Located at 65 Shaw Street, this 5-unit multifamily property consists of two buildings: a 3,125 square foot, 4-unit main building and a separate 432 square foot studio unit, which is residential but is also zoned commercial, offering additional potential. The asset performs at a 7.79 cap with no vacancy, with strong upside to run at a 9.03 cap fully stabilized. You will have a mix of 2 bedrooms, 1 bedrooms and a studio unit. Two units have been fully renovated, one partially renovated, and two are ready for updates, creating a fantastic opportunity for any value-add investor. Situated in an area with strong rental demand and steady job growth, this property is perfect for expanding your portfolio.

Location

State CT

County New London

Zoning R-2

Rooms

Basement Full, Unfinished

Interior

Heating Hot Water

Cooling None

Exterior

Parking Features None

Waterfront Description Not Applicable

Roof Type Asphalt Shingle,Gable

Building

Lot Description Corner Lot

Foundation Brick, Concrete

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

GET MORE INFORMATION

agent
Ilka Torres

Broker | License ID: REB.0794005

+1(860) 985-3788

1939 Broad St, Hartford, CT, 06114, USA

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65 Shaw Street