multifamily
88 Riverview Avenue
New London, Connecticut 6320
Price
$725,000
Price/SF
$228.85/SF
Building Size
3,168 SF
Lot Size
0.23 acres
Year Built
1900
Units
4
Property Description
Turn-key 4-family investment opportunity with all four units currently occupied by clean, established, paying tenants. This property has been well maintained and offers an investor the opportunity to step into an income-producing property from day one. Situated on a beautiful corner lot and conveniently located near Electric Boat, the Naval Submarine Base, Lawrence + Memorial Hospital, shopping, highways, and other major area employers, this is a location that continues to benefit from strong rental demand. Tenants pay their own heat, hot water, and electricity, helping keep owner expenses down. On-site coin-operated laundry provides an additional source of income. With all four units rented and major employers nearby, this property offers a solid opportunity for an investor looking to add an established multi-family to their portfolio. Conveniently situated 10 minutes from Niantic & Groton, 25 minutes from Mystic, and 40 minutes from Hartford and the Rhode Island border. New London's central CT shoreline location is Midway between New York and Boston, offering easy access to Land, Rail, and Water transportation, and less than an hour to Major Airports.
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Additional Details
Zoning
R-2
MLS Number
24202717
Property ID
8cb6ecc1-b405-40d3-9df0-306059df1087
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MLS Information
MLS#: 24202717
Listed by: RE/MAX on the Bay
Agent: Ferdinand Giacinto • (860) 912-0694 • fjgiacinto@gmail.com
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