44 Franklin St - Apartments FOR SALE


New London, CT 06320
$525,000 USD
917-620-6262
44 Franklin St, New London, CT for Sale
$525,000 USD
Apartments - FOR SALE
1/6
null | 10% Cap Rate

44 Franklin St
New London, CT 06320


OVERVIEW

Investors take notice! Fantastic business opportunity! 5 family in the heart of New London, close to beach and all amenities. This property offers immediate cash flows at 10% market cap with potential income up to 12%. Most recent upgrades include new electrical, 6 new hot water heaters, 3 newly renovated apartments, brand new staircase in the back and much more! Potential rental income for two car garages and additional one bedroom unit ready to be renovated.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

6

PRICE/UNIT

$87,500

CAP RATE

10%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1870

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C

APN/PARCEL ID

NLON-000029-000168-000003

ASK ABOUT THIS PROPERTY

Lai Hing MetzgerMadison Realty New York IncMore Info
917-620-6262

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Lai Hing MetzgerMadison Realty New York IncMore Info
917-620-6262

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.