New London, CT 06320,198 Montauk Avenue
New London, CT 06320,198 Montauk Avenue
New London, CT 06320,198 Montauk Avenue
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$685,000
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5 Beds
3 Baths
2,369 SqFt
New

198 Montauk Avenue New London, CT 06320

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Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,369 sqft

Price per Sqft $289

MLS Listing ID 24146139

Style Units on different Floors

Bedrooms 5

Full Baths 3

Year Built 1890

Annual Tax Amount $6,047

Lot Size 7,405 Sqft

Property Sub-Type 3 Family

Property Description

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.

Location

State CT

County New London

Zoning R-2

Rooms

Basement Full, Heated, Storage, Concrete Floor, Full With Walk-Out

Interior

Heating Baseboard

Cooling None

Exterior

Exterior Feature Balcony, Sidewalk, Gutters, Lighting

Parking Features None, Paved, Parking Lot, Unassigned Parking

Waterfront Description View

Roof Type Asphalt Shingle

Building

Lot Description Level Lot, Water View

Foundation Concrete, Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed


Listed by Ferdinand Giacinto • RE/MAX on the Bay

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Anya Levitov

Anya Levitov

New York State Licensed Real Estate Broker | License ID: 10311203890

+1(646) 896-9487

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198 Montauk Avenue