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Sheena Ruggirello

sheena.ruggirellos@gmail.com +1(860) 222-4734

$285,000

Est. payment - /mo

5 Beds

3 Baths

2,904 SqFt

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Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,904 sqft

Price per Sqft $98

MLS Listing ID 24158616

Style Units on different Floors

Bedrooms 5

Full Baths 3

Year Built 1890

Annual Tax Amount $3,862

Lot Size 10,454 Sqft

Property Sub-Type 3 Family

Property Description

***Highest & Best Due by Wednesday 1pm!***Attention investors and contractors! Value-add 3-family opportunity located at 119 Jefferson Avenue with strong income potential and immediate cash flow. All three units are currently occupied with month-to-month tenants, offering flexibility for rent increases or future renovations. Current rents total approximately $3,700+ per month, with upside potential once improvements are completed. Property features a solid multi-unit layout and includes a huge driveway with ample off-street parking plus a detached one-car garage-a rare and valuable feature for tenants. Property requires significant updates, including heating system installation, siding replacement, roof evaluation, and cosmetic improvements throughout. Being sold strictly as-is. Ideal for cash buyers or rehab loan financing. This is a prime opportunity to reposition an income-producing asset in New London's active multifamily market. With the right renovations, this property offers strong cash flow and long-term appreciation potential. Conveniently located near major employers, Electric Boat, shopping, dining, and local amenities. Don't miss your chance to unlock the full potential of this multi-family investment!

Location

State CT

County New London

Zoning C-1

Rooms

Basement Partial, Full, Full With Walk-Out

Interior

Heating Gravity Warm Air, Wall Unit

Cooling None

Exterior

Exterior Feature Balcony, Deck

Parking Features Detached Garage

Garage Spaces 1.0

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description Sloping Lot

Foundation Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools New London

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Listed by Oriel Hayer • Real Broker CT, LLC

Nearby School & Business

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Sheena Ruggirello

+1(860) 222-4734

Agent | License ID: CN234452

Agent License ID: CN234452

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119 Jefferson Avenue New London, CT 06320

Sheena Ruggirello

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

Get More Information