28
See all 28 photos
$289,900
Est. payment /mo
5 BD
3 BA
1,920 SqFt
New
23 Steward Street New London, CT 06320
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UPDATED:
02/20/2025 09:05 AM
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,920 sqft
Price per Sqft $150
MLS Listing ID 24075194
Style Units on different Floors
Bedrooms 5
Full Baths 3
Year Built 1900
Annual Tax Amount $3,872
Lot Size 3,920 Sqft
Property Sub-Type 2 Family
Property Description
Fully rented 2-Family investment opportunity in New London. Investors take notice, this is a value-add potential property! This income-producing 2-family property in New London has both units that are fully rented with month-to-month tenants paying below-market rents, offering significant upside potential. Unit 1: 2-bedroom, 1-bathroom in decent condition, with room for value-add improvements. Unit 2: A spacious 3-bedroom, 2-bathroom unit spanning the second and third floors, boasting over 1,500 sq. ft. of living space. With room for value-add improvements. Modernized Systems: Separate electric and heating for each unit, with forced hot air heating and central air-updated within the last 7 years. This property presents a strong opportunity for appreciation and cash flow growth with immediate short term cash flow.
Location
State CT
County New London
Zoning R-2
Rooms
Basement Full, Unfinished, Interior Access
Interior
Heating Hot Air
Cooling Central Air
Exterior
Parking Features None, Driveway, Paved
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools New London
Listed by James Corby • Real Broker CT, LLC