This well-maintained 5-unit multi-family property at 157 Crystal Ave, New London, CT 06320 generates a strong monthly income of $10,000 (3 units at $1,250, 1 at $2,500, 1 at $3,750) and an annual NOI of $72,000. Recently appraised at $700,000 in June 2024, it features a newer furnace, coin-operated laundry for additional revenue, and a 3-car garage that can be rented out or used for storage. Perfect for investors seeking robust cash flow and stability!
Off market
Zestimate®
$659,600
157 Crystal Ave, New London, CT 06320
10beds
4,159sqft
MultiFamily
Built in 1890
-- sqft lot
$659,600 Zestimate®
$159/sqft
$2,312 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard, Electric, Gas, Oil
Cooling
- None
Features
- Flooring: Concrete
- Basement: Unfinished, Dirt Floor, Full With Hatchway, Concrete Floor
- Attic: Walk-up
Interior area
- Total interior livable area: 4,159 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage - Detached
Features
- Patio & porch: Porch
- Exterior features: Vinyl
- Has view: Yes
- View description: City
- Waterfront features: Not Applicable
Lot
- Size: 9,147 sqft
- Features: Level
Details
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
Materials
- Roof: Asphalt
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public Water Connected
Community & neighborhood
Location
- Region: New London
HOA & financial
Other financial information
- Total actual rent: 349900
Other
Other facts
- ViewYN: true
- Sewer: Public Sewer
- Heating: Baseboard, Electric, Oil, Steam
- Roof: Asphalt
- GarageYN: true
- Basement: Unfinished, Dirt Floor, Full With Hatchway, Concrete Floor
- HeatingYN: true
- CoolingYN: true
- Zoning: R-2
- ConstructionMaterials: Frame, Vinyl Siding
- NumberOfUnitsTotal: 5
- NumberOfUnitsInCommunity: 5
- LotFeatures: Level
- FoundationDetails: Stone
- GrossIncome: 54000
- PatioAndPorchFeatures: Porch
- ParkingFeatures: Off Street, Detached Garage, Paved
- YearBuiltSource: Public Records
- Attic: Walk-up
- WaterSource: Public Water Connected
- WaterfrontFeatures: Not Applicable
- TotalActualRent: 349900.00
- View: City Views
- ArchitecturalStyle: Units on different Floors
- MlsStatus: Active
- TaxAnnualAmount: 6261
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$659,600
2% more+$13,192
With Zillow Showcase(estimated)$672,792