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$1,700,000
Est. payment /mo
20 Beds
12 Baths
8,732 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 8,732 sqft
Price per Sqft $194
MLS Listing ID 24198075
Style Other
Bedrooms 20
Full Baths 12
Year Built 1925
Annual Tax Amount $18,146
Lot Size 0.340 Acres
Property Sub-Type 5 Family+
Property Description
Excellent value-add opportunity at 80-82 Maple Avenue, New London. This 12-unit apartment building is already well into a substantial renovation program. Eight units are renovated and/or in good condition, one unit is currently being renovated, and three units are gutted or under construction, providing an investor with clear upside through completion of the remaining renovations and further stabilization of the property. Built in 1925, the property offers approximately 8,732 SF of building area / 10,555 SF gross area on approximately 0.34 acres (14,810 SF). Features include two stories, a 2,877 SF basement, gas-fired hot-water heat, asphalt-shingle mansard roof, shingle exterior and open porch. Public records identify the property as a 12-unit apartment building. Excellent New London location near the Thames River waterfront, downtown New London, Waterfront Park, Cross Sound Ferry and the city's intermodal transportation center, providing access to ferry, rail and bus transportation. New London's waterfront and downtown offer restaurants, entertainment, arts, recreation and waterfront activities, while nearby conveniences include Lawrence + Memorial Hospital, shopping, grocery stores and major roadways. The property also has a reported Walk Score of 92. Ideal for investors seeking a partially renovated multifamily asset with significant improvements already completed and additional value-add potential through completion of the remaining units. Property, unit conditi
Location
State CT
County New London
Zoning R-2
Rooms
Basement Crawl Space
Interior
Heating Hot Water
Cooling None
Exterior
Exterior Feature Balcony, Sidewalk, Porch, Garden Area
Waterfront Description Not Applicable
Roof Type Asphalt Shingle,Shingle
Building
Lot Description Level Lot
Foundation Concrete, Masonry
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 Tyler DeVecchis • Century 21 AllPoints Realty
NEARBY SCHOOL & BUSINESS
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