18 days on market
Under Contract
More about this Property

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171 Garfield Avenue, New London CT 06320

Current Price: $925,000

15 beds 10 baths 6385 sq. ft

Last Update: 11/23/2024

Property Type: Multi-Family For Sale

Public Remarks

Discover an exceptional investment opportunity with this historic eight-unit apartment building at 171 Garfield Ave, New London. Built in 1875 and renovated in 2003, this property blends timeless charm with modern amenities. Located in a prime area, it offers easy access to medical facilities, shopping, and public transportation. Each unit features modern conveniences, including baseboard heating and natural gas water heating. Managed by Blue Rock Property Group, the building is well-maintained and currently generates $9,400 monthly rent, with potential to increase to $11,500. With a low vacancy rate and strong rental market, this property is a lucrative addition to any investment portfolio

Map to Property at 171 Garfield Avenue, New London CT 06320


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Residential Property Information for 171 Garfield Avenue, New London CT 06320

MLS #: 24029747

Style: Units on different Floors,Other

Color: Blue

Total Rooms:

Bedrooms: 15

Bathrooms: 10

Acres: 0.53

Year Built: 1875 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $11,184

Zoning: R-2

Mil Rate:

Assessed Value: $406,700 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 6385; below grade sq feet total is ; total sq ft is 6385

Features
Laundry Location & Info: None 
Fireplaces: 0
Basement Desc.: Full
Exterior Siding: Asbestos
Foundation: Concrete,Stone
Roof: Asphalt Shingle
Garage/Parking Type: None
Swimming Pool: 0
Waterfront Feat.: Not Applicable
Lot Description: Level Lot
Nearby Amenities: Medical Facilities,Public Rec Facilities,Public Transportation,Shopping/Mall
Occupied: Tenant
Utility Information

Hot Water System 40 Gallon Tank

Heat Type: Baseboard

Fueled By: Electric,Natural Gas.

Cooling: None

Fuel Tank Location:

Water Service: Public Water Connected

Sewage System: Public Sewer Connected

School Information

Elementary: Per Board of Ed

Intermediate:

Middle:

High School: Per Board of Ed

Marketing History

Current List Price: $925,000

Original List Price: $925,000

DOM: 18

Listing Date: 7/2/2024

Last Updated: 10/30/2024 3:49:03 PM

Listing Agent and Broker

List Agent Name: Andrew OReilly

List Office Name: Seaport Real Estate Services