multifamily

119 Lincoln Avenue

New London, Connecticut 6320

Price

$949,900

Price/SF

$229.78/SF

Building Size

4,134 SF

Lot Size

0.30 acres

Year Built

1975

Units

6

Property Description

What if your next investment started generating income on day one? Welcome to 119-121 Lincoln Avenue, a turnkey six-unit property offering immediate income without the burden of renovations or establishing occupancy. All six one-bedroom units have been renovated and are fully occupied, allowing the next owner to step into an established, income-producing asset from day one. Each unit includes a dedicated off-street parking space, while tenants also enjoy access to a shared deck and spacious backyard. Conveniently located near Electric Boat, the Naval Submarine Base, casinos, hospitals, and other major regional employers, the property is well positioned within New London's growing rental market. The work has been completed, the tenants are in place, and the income is already flowing. Current gross annual income and operating expenses are available upon request. Six renovated units. One turnkey investment. A compelling opportunity in thriving New London, Connecticut.

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Photo Gallery

119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue
119 Lincoln Avenue

Additional Details

Zoning

R-2

MLS Number

24203018

Property ID

17228ac9-88b0-403b-a5fd-0d13acbf451e

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MLS Information

MLS#: 24203018

Listed by: CENTURY 21 Shutters & Sails

Agent: Valerie Levin • (860) 980-1278 • valerielevinrealestate@gmail.com

This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.