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$440,000
Est. payment /mo
7 Beds
4 Baths
2,818 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,818 sqft
Price per Sqft $156
MLS Listing ID 24149977
Style Units on different Floors
Bedrooms 7
Full Baths 4
Year Built 1880
Annual Tax Amount $6,249
Lot Size 6,098 Sqft
Property Sub-Type 4 Family
Property Description
Turnkey 4-unit multifamily property ideal for investors seeking stable income with minimal deferred maintenance. Two buildings consisting of three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all recently remodeled with new flooring, fresh paint, updated light fixtures, and modern appliances throughout. Each unit features separate private exterior entrances, enhancing tenant privacy and reducing common-area maintenance. The property offers ample off-street, private parking for approximately 8-10 vehicles, a strong value-add amenity for tenant retention. Major capital improvements include a new roof installed in 2023, providing peace of mind and long-term durability. Separate electric and gas utilities for each unit allow tenants to be responsible for their own utilities, helping keep operating expenses low and improving net operating income. This well-maintained, updated multifamily property presents an excellent opportunity for steady cash flow, strong tenant demand, and long-term appreciation-a solid addition to any investment portfolio.
Location
State CT
County New London
Zoning GC
Rooms
Basement Full, Unfinished, Storage, Hatchway Access, Full With Hatchway, Full With Walk-Out
Interior
Heating Baseboard, Hot Air, Hot Water
Cooling None
Exterior
Parking Features Paved, Off Street Parking
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Foundation Brick
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Listed by Harrison Graham • IMT Realty
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