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$350,000
Est. payment /mo
4 Beds
3 Baths
1,911 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 1,911 sqft
Price per Sqft $183
MLS Listing ID 24158716
Style Units on different Floors
Bedrooms 4
Full Baths 3
Year Built 1900
Annual Tax Amount $3,550
Lot Size 4,791 Sqft
Property Sub-Type 2 Family
Property Description
A solid income-producing opportunity in the heart of New London. This well-maintained two-unit multifamily, built in 1900, offers nearly 1,900 square feet of living space across two separately occupied units with meaningful upside potential. The first-floor unit features a long-term, stable tenant on a month-to-month lease at below-market rent, presenting an immediate opportunity to increase cash flow through a lease renewal at current market values. The second-floor unit is leased through October 2026, providing short-term income certainty while you plan your next move. Both units offer spacious layouts, updated kitchens, and generous storage, including a finished walk-up attic. Situated in the Ocean Beach neighborhood, the property sits within walking distance of Ocean Beach Park, Mitchell College, Lawrence and Memorial Hospital, Downtown New London's Bank Street dining and shopping corridor, and the Cross Sound Ferry. Off-street parking and on-site laundry add everyday convenience for tenants. Whether you're a seasoned investor looking to optimize an existing portfolio or just ready to step into immediate cash flow, 60 Ocean Ave checks the boxes. With below-market rents on the first floor and a fixed lease in place upstairs, this property is positioned to grow.
Location
State CT
County New London
Zoning R-2
Rooms
Basement Full, Unfinished
Interior
Heating Steam
Cooling Split System, Wall Unit
Exterior
Exterior Feature Porch
Parking Features Detached Garage, Driveway
Garage Spaces 1.0
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools New London
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Listed by Chaz Koch • William Raveis Real Estate
NEARBY SCHOOL & BUSINESS
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