198 Montauk Avenue,New London, CT 06320
New London, CT 06320
Description
Beatuful Turnkey Investment Opportunity! Here is a Fully Renovated Three-Family turn-key triple-income asset in a bustling and high growth area with thriving local commerce. This property has been completely reimagined with quality updates and finishes, offering a seamless blend of income and nothing further to do with long-term financial stability. Renovations include Brand New Kitchens & Baths, Updated Mechanicals across all three units with plenty of off-street parking and laundry facilities on premise. This investment is optimized for favorable market rents with separate utilities to keep overhead low. Low Maintenance because it's been modernized from top to bottom, minimizing future capital expenditures. Prime Location, Minutes from Electric Boat, Sub Base and other major employers to ensure it will always be occupied. This location is also convenient to Great Restaurants, Shops, Theater, Library, Music Venues, Fitness Training, Health Care and Much More. Step into this immediate Cash Flow Opportunity.
Details
| MLS # | 24202473 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 39 |
| Listing Provided By | RE/MAX on the Bay | Ferdinand Giacinto |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,369 |
| Basement | Y |
| Units | 3 |
| Zoning | R-2 |
| Acreage | 0.17 |
Interior
| Total Rooms | 14 |
|---|---|
| Cooling System | None |
| Fireplaces Total | 0 |
| Laundry Room Info | Coin Op Laundry |
Exterior
| Exterior Features | Balcony, Sidewalk, Gutters, Lighting |
|---|---|
| Roof Information | Asphalt Shingle |
| Foundation Type | Concrete, Stone |
Parking
| Garage & Parking | Paved, Parking Lot, Unassigned Parking |
|---|---|
| Parking Total Spaces | 12 |
Utilities
| Sewage System | Public Sewer Connected |
|---|
Taxes
| Tax Year | July 2026-June 2027 |
|---|---|
| Property Tax | 6024 |
Area Information
| State | CT |
|---|---|
| County | New London |
| City | New London |
| Zip Code | 06320 |
| Area | N | A |
| School District | Per Board of Ed |
| Elementary School | Per Board of Ed |
| High School | Per Board of Ed |
| Listing VS Median (in 06320) | |
Price: $715,000 low | high Med: $178,900 sqft: 2,369 low | high Med: 722 $ / sqft: $302 low | high Med: $248 On site: 39 low | high Med: 7 | |
Market Activity 06320
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Learn More About This Property
| State | CT |
|---|---|
| County | New London |
| City | New London |
| Zip Code | 06320 |
| Area | N | A |
| School District | Per Board of Ed |
| Elementary School | Per Board of Ed |
| High School | Per Board of Ed |
| Listing VS Median (in 06320) | |
Price: $715,000 low | high Med: $178,900 sqft: 2,369 low | high Med: 722 $ / sqft: $302 low | high Med: $248 On site: 39 low | high Med: 7 | |