140 State Street, New London, Connecticut 06320

$875,000
9,325
SqFt
List Price
$875,000
Status
ACTIVE
MLS#
170487229
Year Built
1900
Acres
0.05
Living Area
9,325

Property Description

8 unit income producing property in the heart of downtown New London. 9,325 SF with 2 commercial units (1 leased to a recording studio, 1 available formerly a bar), 5 apartments (one 3 bedroom recently renovated, vacant & ready to lease; other 4 leased). Coin washer/dryer on site. Well maintained building with many upgrades including hardwood floors, new roof 2018, apartments with granite counter tops & stainless steel appliance. Room to increase NOI by separately metering units - currently separately metered by floor. 6 CAP. Located in the City's Enterprise Zone & Federal Opportunity Zone.

Additional Information

Taxes
$11,965
Lot Size
2,178
Heating
Hot Air
Fuel Type
Oil
Cooling System Type
Central Air
Sewer
Public Sewer Connected
Water Source
Public Water Connected

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Constance Howard from US Properties

The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc.