837 Bank St, New London, CT

Name: 837 Bank St, For Sale in New London - Zoocasa
Brand: Real Broker CT, LLC
SKU: 24191023
Price: 525000 USD

House

For Sale

Listed price in listed location currency (USD).

$525,000

540

MLS® 24191023

Overview

Key Facts

Type Quadruplex

Levels Residential Income

Size 2478 sqft

Garage

Taxes $3,800

Days Active 6

Lot Size 0.11 Acres

Approx. Age 1893

Avg. Price Per Sqft $211

MLS® Number 24191023

Property Address: 837 Bank St, New London, CT, 06320-3509

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

Description

Investors, take notice. 837 Bank Street in New London offers the potential for an estimated 12-15% cap rate based on prior rental income, making it a property well worth considering for your next buy-and-hold investment. Three of the four units are renovated one-bedroom, one-bath apartments, while the standout fourth unit is a spacious townhouse-style residence featuring four bedrooms with additional living space in the finished attic. Each unit is separately metered, and one of the biggest advantages is the property's relatively low taxes for the area, helping maximize rental income and strengthen the overall return on investment. Conveniently located on Bank Street between New London and Waterford and along the bus line, this multifamily offers a desirable unit mix, strong income potential, and an excellent opportunity to add a quality asset to your portfolio. Come take a look and see why this property deserves your attention.

MLS® Number24191023

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1893

BasementFull

Driveway

Garage Spaces

HeatElectric, Hot Air

A/CWindow Unit

Extras

Map

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