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".
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
Owner options
What's special
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#: 24059680
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
Sell with ease on Zillow
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$458,800
2% more+$9,176
With Zillow Showcase(estimated)$467,976