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Listing 5 out of 8
$450,000 For Sale

179 Montauk Avenue
New London, CT 06320

8 units | Multi Family Home
10454 sq ft lot - MLS# 170171548
Property Photo
1/36

Description

Investor alert!! 8 unit multi family on spacious corner lot blocks from EB and L&M!! Detached two car garage is more for storage,newer roof, but could be restored for car use. Well maintained by current owner for over 20 years. All units but one include heat and hot water in the rents. Over $6000 in monthly income, expenses are less than 2k per month, notable return here. No two units are the same in layout. There are 6 one bdrm units, 1 studio , and 1 2 bdrm. unit. One is now available for ease of showings. (unit 2) All units have leases/security. Full basement- great area for coin op washer/dryer - easy addition. Mechanicals are serviced and in good order. Over 4000 sq ft, side and front ingress and egress. Most units is very nice shape outside of tenant housekeeping. Home is on the SEAT bus line.

Features

  • Property Type: Multi Family Home
  • Sub Type: 5 Family+
  • Listing Status: Active
  • County/Area: New London County
  • Zip Code: 06320
  • Year Built: 1903
  • Elementary School: Per Board Of Ed
  • High School: New London
  • Sq.Ft.: 4,360 sq ft
  • Style: Units On Different Floors
  • Units: 8 units
  • Bedrooms: 6
  • Full Baths: 6
  • Basement: Full With Hatchway, Unfinished
  • Garage: Detached Garage, 2
  • Lot Size: 10454 sq ft lot
  • Baths: 6
  • Waterfront: Not Applicable
  • Zoning: R-2
  • Area: All Areas
  • Attic Description: Access Via Hatch
  • Attic YN: Yes
  • Color: Grey
  • Construction Description: Frame
  • Directions: Corner Of Montauk & Blydenburg.
  • Driveway Type: Cement, Other
  • Energy Features: Programmable Thermostat
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Fuel Tank Location: In Basement
  • Gross Annual Expense: 21548
  • Gross Annual Income: 71100
  • Heat Fuel Type: Oil
  • Heat Type: Radiator
  • Hot Water Description: Natural Gas
  • Lot Description: Corner Lot, Level Lot
  • Mil Rate Base: 39.900
  • Mil Rate Total: 39.900
  • Nearby Amenities: Health Club, Library, Medical Facilities, Public Transportation, Walk To Bus Lines
  • Net Operating Income: 49552
  • Roof Information: Asphalt Shingle
  • Rooms Total Multi Family: 18
  • Sewage System: Public Sewer Connected
  • Sq Ft Est Heated Above Grade: 4360
  • Tax Year: July 2019-June 2020
  • Unit Count: 6
  • Water Source: Public Water Connected
Courtesy of William Raveis Real Estate

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Stebbins Buyers & Sellers Realty
Edward Stebbins, CRS, GRI, e-Pro, CDPE
Justin Stebbins, REALTOR
178 Bridge Street,
Groton, CT 06340
Phone: 860-445-2144
Fax: (860) 271-8134
Email: esteb510@aol.com or realstebbins@aol.com

Contact Ed & Justin





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