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$ 719,900
Est. payment /mo
New
157 Crystal Avenue New London, CT 06320
10 Beds
6 Baths
4,159 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 4,159 sqft
Price per Sqft $173
MLS Listing ID 24091753
Style Units on different Floors
Bedrooms 10
Full Baths 6
Year Built 1890
Annual Tax Amount $7,535
Lot Size 9,147 Sqft
Property Sub-Type 5 Family+
Property Description
Turnkey investment opportunity! This well-kept 5-unit multifamily at 157 Crystal Ave, New London, CT 06320 brings in an impressive $10,000 in monthly rental income (with 3 units at $1,250, one at $2,500, and another at $3,750), delivering an annual NOI of $72,000. Recently appraised at $700,000 in June 2024, the property includes a newer furnace, a coin-operated laundry system for added income, and a 3-car garage offering extra rental potential or storage space. Ideal for investors looking for strong cash flow and a stable asset!
Location
State CT
County New London
Zoning RA
Rooms
Basement Full, Full With Walk-Out
Interior
Heating Steam
Cooling Window Unit
Exterior
Parking Features Detached Garage
Garage Spaces 3.0
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot, Water View
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools New London
Listed by Victor Santana • Santana Realty Group LLC