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$685,000

Est. payment - /mo

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5 Beds

3 Baths

2,369 SqFt

Under Contract

198 Montauk Avenue New London, CT 06320

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Hellen Jimenez McGraw

connect@soldbyhellen.realtor +1(475) 323-3855

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Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,369 sqft

Price per Sqft $289

MLS Listing ID 24146139

Style Units on different Floors

Bedrooms 5

Full Baths 3

Year Built 1890

Annual Tax Amount $6,047

Lot Size 7,405 Sqft

Property Sub-Type 3 Family

Property Description

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.

Location

State CT

County New London

Zoning R-2

Rooms

Basement Full, Heated, Storage, Concrete Floor, Full With Walk-Out

Interior

Heating Baseboard

Cooling None

Exterior

Exterior Feature Balcony, Sidewalk, Gutters, Lighting

Parking Features Paved, Parking Lot, Unassigned Parking

Waterfront Description View

Roof Type Asphalt Shingle

Building

Lot Description Level Lot, Water View

Foundation Concrete, Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Ferdinand Giacinto • RE/MAX on the Bay

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 14

7

Charles Barnum School

Public | PK - 5
6

Great Neck Elementary School

Public | PK - 5
6

Multicultural Magnet School

Public | KG - 5
6

Pleasant Valley School

Public | KG - 5
5

Winthrop STEM Elementary Magnet School

Public | KG - 5
4

Nathan Hale Arts Magnet School

Public | KG - 5
4

Mary Morrisson School

Public | PK - 5
3

Catherine Kolnaski Magnet School

Public | PK - 5
1

C. B. Jennings Dual Language and International Elementary Magnet School

Public | PK - 5
0

The Friendship School

Public | PK - KG
0

St Joseph School

Private | KG - 8
0

Solomon Schechter Academy

Private | PK - 4
0

Harbor Elementary School

Public | PK - 5
0

Sacred Heart School

Private | PK - 8

Middle Schools 7

5

Clark Lane Middle School

Public | 6 - 8
5

West Side Middle School

Public | 6 - 8
4

Science and Technology Magnet School of Southeastern Connecticut

Public | 6 - 12
2

Bennie Dover Jackson International Education and Dual Language Middle School

Public | 6 - 8
2

Interdistrict School for Arts and Communication

Public | 6 - 8
0

New London Visual & Performing Arts Magnet School

Public | 6 - 11
0

Williams School

Private | 6 - 12

High Schools 3

7

Waterford High School

Public | 9 - 12
1

New London High School

Public | 9 - 12
0

Marine Science Magnet High School of Southeastern

Public | 9 - 12

School and business data provided by Attom Data.