This one is a true money maker! Four single units plus a 3-door garage/shed at rear of property. Tenants pay their own heat, hot water and electric usage. Owner has fully renovated Unit 1B and just completed another renovation of Unit 2B. Previous owner renovated Unit 2A. This property also has a walk-up attic. Basement accessible from rear door only. Roof was replaced in 2016. Net Operating Income exceeds $26,000 annually. Selling as-is. No government financing. See disclosure for list of incomplete repair work.
Off market
Zestimate®
$386,800
78 West St, New London, CT 06320
4beds
2,568sqft
MultiFamily
Built in 1890
-- sqft lot
$386,800 Zestimate®
$151/sqft
$3,031 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Windows: Thermopane Windows
- Basement: Walk-Out Access, Dirt Floor
- Attic: Floored, Walk-up
Interior area
- Total interior livable area: 2,568 sqft
Property
Parking
- Parking features: Garage - Detached
Features
- Patio & porch: Porch
- Waterfront features: Not Applicable
Lot
- Size: 4,791 sqft
- Features: Sloped
Details
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units are Side-by-Side
Materials
- Roof: Asphalt
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public Water Connected
Community & neighborhood
Location
- Region: New London
HOA & financial
Other financial information
- Total actual rent: 209900
Other
Other facts
- Sewer: Public Sewer
- Heating: Baseboard, Electric
- Roof: Asphalt
- GarageYN: true
- AssociationYN: 0
- HeatingYN: true
- CoolingYN: true
- NumberOfUnitsTotal: 4
- Zoning: R-2
- ConstructionMaterials: Frame, Aluminum Siding
- CurrentFinancing: Conventional
- NumberOfUnitsInCommunity: 4
- ParkingFeatures: Driveway, Detached Garage, On Site
- WaterSewerExpense: 300
- PatioAndPorchFeatures: Porch
- Basement: Walk-Out Access, Dirt Floor
- LotFeatures: Sloped
- Attic: Floored, Walk-up
- YearBuiltSource: Public Records
- GrossIncome: 34500
- OperatingExpense: 8418
- WindowFeatures: Thermopane Windows
- WaterSource: Public Water Connected
- FoundationDetails: Masonry
- WaterfrontFeatures: Not Applicable
- TotalActualRent: 209900.00
- ArchitecturalStyle: Units are Side-by-Side
- MlsStatus: Active
- NetOperatingIncome: 26082
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$386,800
2% more+$7,736
With Zillow Showcase(estimated)$394,536