82 Maple Ave, New London, CT

Name: 82 Maple Ave, For Sale in New London - Zoocasa
Brand: Century 21 AllPoints Realty
SKU: 24198075
Price: 1700000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,700,000

20120

MLS® 24198075

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 8732 sqft

Garage

Taxes $18,146

Days Active 0

Lot Size 0.34 Acres

Approx. Age 1925

Avg. Price Per Sqft $194

MLS® Number 24198075

Property Address: 82 Maple Ave, New London, CT, 06320-5406

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

Description

Excellent value-add opportunity at 80-82 Maple Avenue, New London. This 12-unit apartment building is already well into a substantial renovation program. Eight units are renovated and/or in good condition, one unit is currently being renovated, and three units are gutted or under construction, providing an investor with clear upside through completion of the remaining renovations and further stabilization of the property. Built in 1925, the property offers approximately 8, 732 SF of building area / 10, 555 SF gross area on approximately 0.34 acres (14, 810 SF). Features include two stories, a 2, 877 SF basement, gas-fired hot-water heat, asphalt-shingle mansard roof, shingle exterior and open porch. Public records identify the property as a 12-unit apartment building. Excellent New London location near the Thames River waterfront, downtown New London, Waterfront Park, Cross Sound Ferry and the city's intermodal transportation center, providing access to ferry, rail and bus transportation. New London's waterfront and downtown offer restaurants, entertainment, arts, recreation and waterfront activities, while nearby conveniences include Lawrence + Memorial Hospital, shopping, grocery stores and major roadways. The property also has a reported Walk Score of 92. Ideal for investors seeking a partially renovated multifamily asset with significant improvements already completed and additional value-add potential through completion of the remaining units. Property, unit conditi, https://www.dropbox.com/scl/fo/sb1rxlu54656g5v0mfyx3/AEGMmBhgErXEMCe0tJ-oR3k?rlkey=pb3xbgjj1bjutu2yyp6m29eex&st=j1zmu4gm&dl=0

MLS® Number24198075

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1925

BasementCrawl Space

Driveway

Garage Spaces

HeatNatural Gas, Hot Water

A/CNone

Extras

Map

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