Contact us directly or more information. The Bill Heenan Team. 8604609511 __________Wonderful Investment Opportunity!!! In New London on the Connecticut shoreline. 1st floor and 3rd floor have established, long term tenants! Well maintained property, low maintenance, with solid rental history, and a great annual income. Tenants pay separate heat, electricity, and hot water. All apartments are 2 bedroom and 1 full bath. 1st and 3rd floor have electric baseboard heat and electric hot water heaters. 2nd floor has natural gas-fired boiler with radiator heat and natural gas-fired hot water heater. 2nd floor is completely redone with all gleaming hard wood floors. In addition, the 2nd floor is also freshly painted as well as all of the common halls. Further, there is a coin-op washer and dryer in the laundry area in the basement with owner supplied hot water. Beyond this, there is shared interior basement access in the stairwell with bulkhead from rear yard. This property has the potential for $38,400 gross income when all units are rented. This property is being sold As-Is.
Off market
Zestimate®
$399,100
77 Garfield Ave, New London, CT 06320
6beds
2,736sqft
MultiFamily
Built in 1893
-- sqft lot
$399,100 Zestimate®
$146/sqft
$2,093 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Electric, Gas
Cooling
- None
Appliances
- Laundry: Coin Op Laundry, washer/dryer require restart
Features
- Flooring: Concrete
- Windows: Thermopane Windows
- Basement: Partially finished
- Attic: Access Panel
Interior area
- Total interior livable area: 2,736 sqft
Property
Parking
- Parking features: On-street
Features
- Patio & porch: Porch
- Exterior features: Vinyl
- Waterfront features: Not Applicable
Lot
- Size: 6,534 sqft
- Features: Level
Details
- Parcel number: NLONME12B0162L0012
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
Materials
- Roof: Asphalt
Condition
- Year built: 1893
Utilities & green energy
- Sewer: Public Sewer
- Water: Public Water Connected
Community & neighborhood
Location
- Region: New London
HOA & financial
Other financial information
- Total actual rent: 197700
Other
Other facts
- Sewer: Public Sewer
- Heating: Baseboard, Electric, Natural Gas, Radiator
- Roof: Asphalt
- Basement: Unfinished, Full, Interior Entry, Concrete Floor
- AssociationYN: 0
- HeatingYN: true
- CoolingYN: true
- NumberOfUnitsTotal: 3
- Zoning: R-2
- ConstructionMaterials: Frame, Vinyl Siding
- LotFeatures: Level
- NumberOfUnitsInCommunity: 3
- FoundationDetails: Stone, Brick/Mortar
- GrossIncome: 28800
- PatioAndPorchFeatures: Porch
- ParkingFeatures: On Site
- YearBuiltSource: Public Records
- Attic: Access Panel
- WindowFeatures: Thermopane Windows
- WaterSewerExpense: 650
- WaterSource: Public Water Connected
- WaterfrontFeatures: Not Applicable
- LaundryFeatures: Coin Op Laundry, washer/dryer require restart
- ArchitecturalStyle: Units on different Floors
- MlsStatus: Active
- NetOperatingIncome: 19545
- OperatingExpense: 9255
- TotalActualRent: 197700.00
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$399,100
2% more+$7,982
With Zillow Showcase(estimated)$407,082