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Sold for $425,000 on 12/19/24
  • $425,000

    7 Franklin Street, New London, CT 06320

    4beds
    2,253sqft
    Multi Family
    Built in 1887
    -- sqft lot
    $458,800 Zestimate®
    $189/sqft
    $2,169 Estimated rent

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    $2,800/mo

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    What's special

    Charming Historic 3-Family Multi-Unit Property with Great Income Potential! Welcome to 7 Franklin St, a beautifully maintained and tastefully updated historic building located in a prime area just minutes from downtown, The Garde Arts Center, Electric Boat, Connecticut College, and the Sub Base. This multi-family property boasts three well-appointed units, offering fantastic flexibility for investors and owner-occupants alike. Two units currently have reliable, long-term tenants, while the third is preparing for it's new short term tenant. Each unit has been thoughtfully renovated, blending modern conveniences with classic charm. With close proximity to local amenities and the potential for significant rental income, 7 Franklin St is a rare opportunity in a sought-after location. Don't miss out on the chance to own this exceptional income-generating property. The property also features a partially finished basement, offering the possibility of additional living space, pending town approval. Property being sold "as is".

    Zillow last checked: 8 hours ago

    Listing updated: December 19, 2024 at 09:50am

    Listed by:

    Denise G. Moore 860-917-0203,

    Kazantzis Real Estate, LLC 860-774-2733

    Bought with:

    Artie Owens, RES.0814885

    eXp Realty

    Source: Smart MLS,MLS#: 24059680MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Electric
    Cooling
    • None
    Appliances
    • Included: Water Heater
    • Laundry: None
    Features
    • Basement: Full,Partially Finished
    • Attic: Crawl Space,Access Via Hatch
    • Has fireplace: No
    Interior area
    • Total structure area: 2,253
    • Total interior livable area: 2,253 sqft
    • Finished area above ground: 2,253

    Property

    Parking
    • Parking features: None
    Features
    • Patio & porch: Porch
    Lot
    • Size: 1,742 sqft
    • Features: Level
    Details
    • Parcel number: 2000302
    • Zoning: C-1

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: 3updown - Unit(s) per Floor
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Clapboard
    • Foundation: Concrete Perimeter
    • Roof: Asphalt,Gable
    Condition
    • New construction: No
    • Year built: 1887

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Medical Facilities, Park, Near Public Transport
    Location
    • Region: New London
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    $458,800
    2% more+$9,176
    With Zillow Showcase(estimated)$467,976