Legal boarding house with nine guest rooms and one fully furnished apartment.
| Website: | https://www.nestseekers.com/3357366 |
|---|---|
| Address: | 20 Tilley New London, CT 06320 |
| Ownership: | Multi-Family |
|---|---|
| Type: | Multi-Family |
| Pets: | Pets Unknown |
| Area: | 4076 sq ft |
Financials
| Price: | $850,000 |
|---|---|
| Annual Taxes: | $7,686 |
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 -
Contact
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878 Phone: +1(203) 204-9555 | |
| Courtesy of Constance Howard of US Properties | |