205 Shaw Street, New London, CT 06320
- Beds
- 9
- Baths
- 4
- Sqft
- 2,400
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
Attention investors! 205 Shaw Street is a value-add 4-family investment property offering immediate cash flow over an 8.2 cap with potential to stabilize over a 9.5 CAP. This prime value-add opportunity features full occupancy, with recent renovations in all four units. Basement unit and Unit 2 are completely renovated featuring brand-new vinyl flooring, stainless steel appliances, and modern finishes, appealing to today's renters. Located in a high-demand area with steady rent growth, it's just 3 miles from the Groton Submarine Base, local beaches, and universities, and only a 15-minute commute to Electric Boat. Situated one block from a brand-new luxury apartment complex, this property guarantees strong rental demand. Whether you're looking to build your portfolio or live mortgage-free with rental income covering your expenses, 205 Shaw Street is a rare opportunity to own an asset with strong upside in a thriving market.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 9
- Number of bathrooms
- 4
- Square feet
- 2,400
- Lot size (acres)
- 0.15
- Year built
- 1900
Interior features
- Basement
- Yes
Utilities
- Heating
- Forced air
- Cooling
- None
Taxes
- Tax Annual Amount
- $4,488
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Smart MLS MLS®#: 24063083 Last checked: …
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.