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USACTNew LondonN/a198 Montauk Ave
Listing image | Image 1

198 Montauk Ave, New London, CT

House

For Sale

Listed price in listed location currency (USD).
$715,000

5312

MLS® 24202473

Overview

Key Facts

Type Triplex
Levels Residential Income
Size 2369 sqft
Garage 
Taxes $6,024
Days Active 8
Lot Size 0.17 Acres
Approx. Age 1890
Avg. Price Per Sqft $301
MLS® Number 24202473

Property Address: 198 Montauk Ave, New London, CT, 06320-4814

Average square foot calculated using Size range provided by listing agent.

Description

Beatuful Turnkey Investment Opportunity! Here is a Fully Renovated Three-Family turn-key triple-income asset in a bustling and high growth area with thriving local commerce. This property has been completely reimagined with quality updates and finishes, offering a seamless blend of income and nothing further to do with long-term financial stability. Renovations include Brand New Kitchens & Baths, Updated Mechanicals across all three units with plenty of off-street parking and laundry facilities on premise. This investment is optimized for favorable market rents with separate utilities to keep overhead low. Low Maintenance because it's been modernized from top to bottom, minimizing future capital expenditures. Prime Location, Minutes from Electric Boat, Sub Base and other major employers to ensure it will always be occupied. This location is also convenient to Great Restaurants, Shops, Theater, Library, Music Venues, Fitness Training, Health Care and Much More. Step into this immediate Cash Flow Opportunity., This Location is also Walkable and/or a Short Ride to other Restaurants, Shopping, Healthcare, Entertainment, Major Employers, Beaches, Boating, Schools, and much more. It is Conveniently Located 5 Minutes to Groton, 15 minutes to Niantic, 20 minutes to Mystic, 30 minutes to the Rhode Island border, and about an hour to Hartford. New London's central CT shoreline location is Midway between New York and Boston, offering easy access to Land, Rail, and Sea transportation, and less than an hour to Major Airports.
MLS® Number24202473
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1890
BasementFull, Heated, Storage, Concrete Floor, Full With Walk-Out
DrivewayPaved, Parking Lot, Unassigned Parking
Garage Spaces
HeatElectric, Baseboard
A/CNone

Extras

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $349,000 and $898,000.
Similar properties in this area sold on average for: $349,780
Expect to pay under asking. 80% of similar properties sold for less than the asking price.
Expected to sell in 9 days. Similar properties sold in 17 days. This home has been on Zoocasa for 8 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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