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39 photos
Additional details
$949,900
Est. payment /mo
6 Beds
6 Baths
4,134 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 4,134 sqft
Price per Sqft $229
MLS Listing ID 24203018
Style Other
Bedrooms 6
Full Baths 6
Year Built 1975
Annual Tax Amount $7,593
Lot Size 0.300 Acres
Property Sub-Type 5 Family+
Property Description
What if your next investment started generating income on day one? Welcome to 119-121 Lincoln Avenue, a turnkey six-unit property offering immediate income without the burden of renovations or establishing occupancy. All six one-bedroom units have been renovated and are fully occupied, allowing the next owner to step into an established, income-producing asset from day one. Each unit includes a dedicated off-street parking space, while tenants also enjoy access to a shared deck and spacious backyard. Conveniently located near Electric Boat, the Naval Submarine Base, casinos, hospitals, and other major regional employers, the property is well positioned within New London's growing rental market. The work has been completed, the tenants are in place, and the income is already flowing. Current gross annual income and operating expenses are available upon request. Six renovated units. One turnkey investment. A compelling opportunity in thriving New London, Connecticut.
Location
State CT
County New London
Zoning R-2
Rooms
Basement None
Interior
Heating Baseboard, Hot Water
Cooling Window Unit
Exterior
Exterior Feature Deck, Lighting
Parking Features Off Street Parking
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Corner Lot, Level Lot
Foundation Concrete, Slab
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
Middle Schools Per Board Of Ed
High Schools New London
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Listed by Valerie Levin • CENTURY 21 Shutters & Sails
Nearby School & Business
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