Shaw Street
New London, Connecticut
$649,900 Price
7 Bedrooms  

Investors, don't miss this solid value-add opportunity in New London! Located at 65 Shaw Street, this 5-unit multifamily property consists of two buildings: a 3,125 square foot, 4-unit main building and a separate 432 square foot studio unit, which is residential but is also zoned commercial, offering additional potential....

Investors, don't miss this solid value-add opportunity in New London! Located at 65 Shaw Street, this 5-unit multifamily property consists of two buildings: a 3,125 square foot, 4-unit main building and a separate 432 square foot studio unit, which is residential but is also zoned commercial, offering additional potential. The asset performs at a 7.79 cap with no vacancy, with strong upside to run at a 9.03 cap fully stabilized. You will have a mix of 2 bedrooms, 1 bedrooms and a studio unit. Two units have been fully renovated, one partially renovated, and two are ready for updates, creating a fantastic opportunity for any value-add investor. Situated in an area with strong rental demand and steady job growth, this property is perfect for expanding your portfolio.

Listing courtesy of Alpha Capital Realty Llc

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
New London, Connecticut
Type: House
Price: $649,900
Re Tax: $6,908
Date Listed: 1/19/2025
Last Updated: 1/27/2025
Approx. sqft: 3,557 sf
Web ID: 24069261

Info & Amenities

Type: Multi Family
Rooms: 19.0
Bedrooms: 7
Bathrooms: 5.0
Built: 1900

Map of Area for Shaw Street