Mixed use property with 4 commercial units and 6 apartments located in the heart of downtown New London.


Property

Website:https://www.nestseekers.com/5272975
Address:
153 Bank
New London, CT 06320
Ownership: Commercial
Type: Commercial
Area: 17378 sq ft

Financials

Price:$1,725,000
Annual Taxes:$17,686

Description

Mixed-use property with 4 commercial units and 6 apartments located in the heart of downtown New London. This 17,378 SF, 3 story building has 4 commercial units in 3,942 SF on the ground level SF commercial and 6 apartments on the 7,884 SF second and third floors. There is a 3,942 SF basement. NOI approximately $117,227. Two of the commercial units are recently vacant so there is room to increase NOI. Call office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.

Amenities

  • Elementary School -
  • High School -
  • Intermediate School -
  • Split System

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Constance Howard of U.S. Properties Real Estate Services, LLC