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$ 250,000
Est. payment /mo
New
205 Crystal Avenue New London, CT 06320
6 Beds
3 Baths
2,272 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,272 sqft
Price per Sqft $110
MLS Listing ID 24190831
Style 3updown - Unit(s) per Floor
Bedrooms 6
Full Baths 3
Year Built 1890
Annual Tax Amount $4,953
Lot Size 6,969 Sqft
Property Sub-Type 3 Family
Property Description
Investors, take notice! Your next renovation, BRRRR, house-hack, or long-term hold could be waiting at 205 Crystal Ave, New London. This three-family offers tremendous value-add potential with 6 bedrooms, 3 full baths, well over 2,200 square feet of living space, and the potential for even more. Featuring large units, hardwood floors throughout, solid bones, natural gas, and both on-street and off-street parking, this property provides an excellent foundation for your next investment. The right renovation could unlock strong after-repair value, increase rental income, and build long-term equity. Conveniently located near the U.S. Coast Guard Academy, Connecticut College, Electric Boat, and the U.S. Submarine Base, it's well-positioned to attract long-term tenants. Based on your renovation plan and rental strategy, this is a property investor should seriously entertain, with the potential to produce double-digit returns and, if renovation costs, financing, operating expenses, and rental income align as projected, the possibility of achieving a 10-12% cap rate. Bring your vision and bring 205 Crystal Ave. back to life.
Location
State CT
County New London
Zoning R-2
Rooms
Basement Full, Storage
Interior
Heating Steam
Cooling None
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Stephano Stravoravdis • Real Broker CT, LLC
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