CALL LORI HOPKINS-CAVANAGH, BROKER OWNER - SHOREVIEWS LLC 8604492007 for more info on this incredible INCOME PRODUCER! Agent/Owner wants to move on to another project! You will not find this great investment opportunity on the Multiple Listing Service! UNIQUE MIXED USE NEIGHBORHOOD of marinas restaurants, beaches, and employers. Current profits of around 10%+ per year, for the pleasure of owning this low cost, gorgeous property. A steady income producer in high demand, this property has water views from every apartment, and is in excellent condition. It sports a stunning, maintenance-free deck for the third floor unit, a private patio for the second floor unit and water views from every unit! Major improvements enhance this cash cow! Stunning Thames River views including Greene Harbor and the restaurants and marinas from all units in this charming coastal cape in the year-round, magnificent BEACH district of town. Mixed use building features a first floor commercial residence and living space with two additional residential units above. The first floor is currently a law office and residence, and was previously a real estate office. Fully renovated, the first floor unit features on demand hot water heat, baseboard gas heat, three private rooms and a gorgeous kitchen, dining area and bath. Each units has an in unit laundry hook-up. There is a nice yard with off street parking for up to six cars with plenty more on street and in municipal lot behind the building. Also two exterior storage units are available for tenant or owner use. This is a great walking, biking and boating 'famous' village area in walking distance to EB, L+M, and Mitchell College. The access to the Downtown business district, as well as, and AMTRAK and FERRY service to New York is superior: location, location, location! Great for live in investor. Professionals waiting in line to rent. Direct line: 8604492007. ShoreViews, LLC REB.0788440, Connecticut Brokerage and Member of the Connecticut Association of Realtors, National Association of Realtors, and Licensed in the State of Connecticut. Furnishings negotiable.
Off market
Zestimate®
$503,300
249 Pequot Ave, New London, CT 06320
5beds
2,500sqft
MultiFamily
Built in 1920
-- sqft lot
$503,300 Zestimate®
$201/sqft
$1,994 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Electric, Gas
Cooling
- Other
Appliances
- Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile, Linoleum / Vinyl
- Doors: Storm Door(s)
- Windows: Storm Window(s)
- Basement: Finished
- Attic: Walk-up
Interior area
- Total interior livable area: 2,500 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Off-street, On-street
Features
- Patio & porch: Deck, Patio
- Exterior features: Stone, Brick
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Access, Walk To Water, View
Lot
- Size: 7,405 sqft
- Features: Rolling, Level
Details
- Zoning: R-1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
Materials
- Roof: Asphalt
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public Water Connected
Community & neighborhood
Location
- Region: New London
HOA & financial
Other financial information
- Total actual rent: 314900
Other
Other facts
- ViewYN: true
- Sewer: Public Sewer
- Heating: Baseboard, Electric, Natural Gas
- Roof: Asphalt
- Basement: Finished, Full With Walk-Out
- HeatingYN: true
- PatioAndPorchFeatures: Deck, Patio
- CoolingYN: true
- NumberOfUnitsTotal: 3
- Zoning: R-1
- ConstructionMaterials: Frame, Block, Brick
- LandLeaseAmountFrequency: Monthly
- LotFeatures: Rolling, Level
- FoundationDetails: Block, Masonry
- NumberOfUnitsInCommunity: 3
- NetOperatingIncome: 26300
- CommunityFeatures: Basketball Court, Park, Medical Facilities, Walk to Bus Lines, Public Pool, Public Transportation, Public Rec Facilities
- View: View, Water
- ParkingFeatures: Off Street, Parking Lot
- Cooling: Ceiling Fan(s)
- DoorFeatures: Storm Door(s)
- WindowFeatures: Storm Window(s)
- BelowGradeFinishedArea: 0
- GrossIncome: 41400
- YearBuiltSource: Public Records
- Attic: Walk-up
- WaterfrontFeatures: Access, Walk To Water, View
- WaterSource: Public Water Connected
- TotalActualRent: 314900.00
- OperatingExpense: 15100
- ExteriorFeatures: Stone Wall
- ArchitecturalStyle: Units on different Floors
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$503,300
2% more+$10,066
With Zillow Showcase(estimated)$513,366