REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,500,000
Est. payment /mo
New
40 Pearl Street New London, CT 06320
1 Bath
9,366 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,366 sqft
Price per Sqft $160
MLS Listing ID 24131150
Full Baths 1
Year Built 1895
Annual Tax Amount $13,889
Lot Size 3,920 Sqft
Property Description
Very well maintained 12 Unit multi-family property in the heart of downtown New London. All units are 1 bedroom with 1 bathroom. Total square footage is 9,366. Three stories with basement. Heat and hot water included in the rent. Laundry room on site. Water views from some units. NOI approximately $107,720. CAP rate: 7. Close proximity to restaurants, bars and shops. Room to increase NOI.
Location
State CT
County New London
Zoning CBD-2
Interior
Heating Hot Air, Hot Water
Cooling None
Exterior
Utilities Available Electric Available, Phone Available
Roof Type Tar/Gravel
Building
Lot Description Dry
Foundation Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Constance Howard • U.S. Properties Real Estate Services, LLC
