20 Tilley
New London, CT 06320

Property

Ownership: Multi-Family
Type: Multi-Family
Pets: Pets Unknown
Area: 4076 sq ft

Financials

Price: $850,000
Annual Taxes: $7,686
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Courtesy of Constance Howard of US Properties

Description

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.

Amenities

  • Elementary School - Per Board of Ed
  • High School - Per Board of Ed
  • Intermediate School -

Legal boarding house with nine guest rooms and one fully furnished apartment.


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    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.