Legal boarding house with nine guest rooms and one fully furnished apartment. Currently rented as medium term housing with a 30 day minimum. Access to fully equipped kitchen, dining room, parlor and sitting room. Shared bathrooms are in the hallway. 2-Story building: 6,610 SF with full basement. Room rates vary from $800 to over $2,000 per month in high season. Gross annual income approximately $120,000 and NOI of $74,000. 7 CAP. Just steps from restaurants, galleries, waterfront park, ferries and train station in New London's downtown historic district. Please also see MLS #170620574.
170622291
Multi-Family, Other
New London
1873
0.14
Acres
Public
Vinyl siding
Public Sewer
4,073
Sq. Ft.
School Information
Per Board of Ed
Per Board of Ed
Per Board of Ed
Interior Features
- Cooling
- None
- Heating
- Oil, Steam. .
- Basement
- Full
Exterior / Lot Features
- Parking
- 10 Parking Spaces.
- Exterior
- Vinyl
- Roof
- Asphalt
- Zoning
- R-3
- Additional Exterior/Lot Features
- Level.
Financial Considerations
1999998
$7,686
Arrows indicate 90 day trend
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