4 days on market
Under Contract
More about this Property

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7 Franklin Street, New London CT 06320

Current Price: $429,900

4 beds 3 baths 2253 sq. ft

Last Update: 11/21/2024

Property Type: Multi-Family For Sale

Public Remarks

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 its 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. Dont 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.

Map to Property at 7 Franklin Street, New London CT 06320


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Residential Property Information for 7 Franklin Street, New London CT 06320

MLS #: 24059680

Style: 3updown - Unit(s) per Floor

Color:

Total Rooms:

Bedrooms: 4

Bathrooms: 3

Acres: 0.04

Year Built: 1887 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $4,457

Zoning: C-1

Mil Rate:

Assessed Value: $156,400 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 2253; below grade sq feet total is ; total sq ft is 2253

Features
Laundry Location & Info: None 
Fireplaces: 0
Attic: Crawl Space,Access Via Hatch
Basement Desc.: Full,Partially Finished,Full With Walk-Out
Exterior Siding: Clapboard
Exterior Features: Porch
Foundation: Concrete
Roof: Asphalt Shingle,Gable
Garage/Parking Type: None
Swimming Pool: 0
Waterfront Feat.: Not Applicable
Lot Description: Level Lot
Nearby Amenities: Medical Facilities,Park,Public Transportation
Occupied: Tenant
Utility Information

Hot Water System Domestic

Heat Type: Baseboard

Fueled By: Electric.

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: New London

Marketing History

Current List Price: $429,900

Original List Price: $429,900

DOM: 4

Listing Date: 11/14/2024

Last Updated: 11/20/2024 5:49:52 PM

Expected Active Date: 11/16/2024

Listing Agent and Broker

List Agent Name: Denise Moore

List Office Name: Kazantzis Real Estate, LLC