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About This Home
This 5-bedroom, 3-bathroom residential multi family at 198 Montauk Avenue in New London, CT is listed for $685,000 ($289 per sqft). Built in 1890, the home offers 2,369 sqft of living space on a 0.17 acres lot.
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.
Key Features
- Built in 1890
- 0.17 acre lot
- 12 parking spaces
Property Details
Monthly Cost Estimate
$3,664/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
198 Montauk Avenue
New London, CT 06320
Features & Amenities
Exterior Features
Property Details
Heating
Questions & Answers
This 5-bedroom, 3-bathroom residential multi family at 198 Montauk Avenue is listed at $685,000 ($289/sqft). The estimated monthly payment is $2,968 based on 20% down at 6.5% interest.
Key features include: Built in 1890, 0.17 acre lot, 12 parking spaces. Exterior Features: Balcony,Sidewalk,Gutters,Lighting.
This property is listed by Ferdinand Giacinto and can be reached at 8609120694 or fjgiacinto@gmail.com.
