πŸ’²πŸ’²πŸ’²Great Investment Opportunity, Mixed Use Commercial Building in New London, CT! πŸ’²πŸ’²πŸ’²

New London County, New London, CT, 06320 view full address
For Sale
Listed at: May 17th, 2024
Price
$370,000
Sq. Footage
4573
Type
Commercial
Parking
Unassigned
Year build
1950
Lot size
0.10 acres
Bedrooms
5
Bathrooms
2
Half Bathrooms
0
Summary

$370,000

Interested???

Contact Trevor today!!

βœ… PROPERTY TYPE: 5 Commercial Units|2 Residential Units

 

  • Unit A - Restaurant - rented for $760 a month
  • Unit B - Lawyer Office - rented for $650 a month
  • Unit C - Convenient Store - rented to $900 a month
  • Unit D - Barber Shop - rented for $800 a month
  • Unit E - Previously rented as Wine Shop but now vacant 
  • Unit F - 2 Bedroom Apartment - rented for $600 a month 
  • Unit G - 3 Bedroom Apartment needs full renovation. If fixed up could rent for $,1800-$2,000
  • **Current total rent $3,710. Fully rented, the market rent potential is around $7,000.
  • **All tenants are month on month 
  • **Delivered with tenants 

 

βœ… EXIT STRATEGY

 

 πŸ”₯πŸ’°πŸ”₯ LONG TERM RENTAL - Put in your own tenants.

 πŸ”₯πŸ’°πŸ”₯ FLIP - Do a rehab and put in back on the market for quick profits!!

 

βœ… NEARBY SCHOOLS

 

  • C.B. Jennings International Elementary Magnet School
  • Grades: PK-5
  • Distance: 0.2 mi

 

  • Bennie Dover Jackson Multi-Magnet Middle School
  • Grades: 6-8
  • Distance: 0.2 mi

 

  • New London Visual and Performing Arts Magnet School
  • Grades: 9-12
  • Distance: 0.2 mi

 

 

Do your own DUE DILIGENCE
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Trevor Carli

β˜…β˜…β˜…β˜…β˜…
β˜…β˜…β˜…β˜…β˜…
No reviews

Disposition manager