31
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$725,000
Est. payment /mo
6 Beds
5 Baths
3,168 SqFt
New
88 Riverview Avenue New London, CT 06320
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Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,168 sqft
Price per Sqft $228
MLS Listing ID 24202717
Style Units on different Floors
Bedrooms 6
Full Baths 4
Half Baths 1
Year Built 1900
Annual Tax Amount $5,358
Lot Size 10,018 Sqft
Property Sub-Type 4 Family
Property Description
Turn-key 4-family investment opportunity with all four units currently occupied by clean, established, paying tenants. This property has been well maintained and offers an investor the opportunity to step into an income-producing property from day one. Situated on a beautiful corner lot and conveniently located near Electric Boat, the Naval Submarine Base, Lawrence + Memorial Hospital, shopping, highways, and other major area employers, this is a location that continues to benefit from strong rental demand. Tenants pay their own heat, hot water, and electricity, helping keep owner expenses down. On-site coin-operated laundry provides an additional source of income. With all four units rented and major employers nearby, this property offers a solid opportunity for an investor looking to add an established multi-family to their portfolio. Conveniently situated 10 minutes from Niantic & Groton, 25 minutes from Mystic, and 40 minutes from Hartford and the Rhode Island border. New London's central CT shoreline location is Midway between New York and Boston, offering easy access to Land, Rail, and Water transportation, and less than an hour to Major Airports.
Location
State CT
County New London
Zoning R-2
Rooms
Basement Full, Unfinished, Storage, Walk-out, Concrete Floor
Interior
Heating Steam
Cooling None
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Corner Lot, Level Lot, Sloping Lot
Foundation Masonry, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools New London
Listed by Ferdinand Giacinto • RE/MAX on the Bay