205 Shaw Street

New London, CT 06320 Directions
$549,900
  • 8Bed
  • 4Baths
  • 2,400Sqft
  • 0.15Acres
  • 1900Built
  • HarborElementary

Property Highlights

  • High School: New London
  • Price/Sqft: $229
  • Days on Market: 34
  • MLS: 24063083
  • Listing Pending

Property Highlights

  • High School: New London
  • Price/Sqft: $229
  • Days on Market: 34
  • MLS: 24063083
  • Listing Pending

Attention investors and owner-occupants! Welcome to 205 Shaw Street, a 4-family property offering immediate cash flow with an 8 CAP and potential to stabilize at an impressive 9.5 CAP. This prime value-add opportunity features three occupied units. All four units have been updated: Two units with partial upgrades (new flooring and bathroom updates) and two units with complete, beautiful renovations 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,...

Property Highlights

  • High School: New London
  • Price/Sqft: $229
  • Days on Market: 34
  • MLS: 24063083
  • Listing Pending

Attention investors and owner-occupants! Welcome to 205 Shaw Street, a 4-family property offering immediate cash flow with an 8 CAP and potential to stabilize at an impressive 9.5 CAP. This prime value-add opportunity features three occupied units. All four units have been updated: Two units with partial upgrades (new flooring and bathroom updates) and two units with complete, beautiful renovations 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 a cash-flowing asset in a thriving market. This gem won't last-lock it in today!

Attention investors and owner-occupants! Welcome to 205 Shaw Street, a 4-family property offering immediate cash flow with an 8 CAP and potential to stabilize at an impressive 9.5 CAP. This prime value-add opportunity features three occupied units. All four units have been updated: Two units with partial upgrades (new flooring and bathroom updates) and two units with complete, beautiful renovations 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 a cash-flowing asset in a thriving market. This gem won't last-lock it in today!

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  • Additional Information
    • Average Days On Market: 34
    • Basement Description: Full, Apartment
    • Days On Market: 34
    • Elementary School: Harbor
    • High School: New London
    • Is Occupied?: Tenant
    • Living Area SqFt: 2,400
    • Property Tax: $4,362
    • Sewer: Public Sewer In Street
    • Status: Under Contract
    • Style: Units on different Floors
    • Subtype: 4 Family
    • Tax Amount: $4,362
    • Tax Year: July 2024-June 2025
    • Type: Multi-Family For Sale
    • Unit Count: 4
    • Year Built: 1900
    • Year Built Details: Public Records
    • Zoning: R-2
  • Interior/Exterior Features
    • Beds: 8
    • Exterior Siding: Vinyl Siding
    • Full Baths: 4
    • Furnace Type: Gas In Street
    • Heat: Gas In Street
    • Heat Fuel: Gas In Street
    • Hot Water: 40 Gallon Tank
    • House Color: White
    • Roof: Gable
    • Rooms: 13
    • Total Baths: 4

Listing Courtesy of Micah Bailey of Alpha Capital Realty, Llc.

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