153 Bank St - Apartments FOR SALE


New London, CT 06320
$2,450,000 USD
615-293-3878
153 Bank St, New London, CT for Sale
$2,450,000 USD
Apartments - FOR SALE
1/5
null | 4.78% Cap Rate

153 Bank St
New London, CT 06320


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

9

PRICE/UNIT

$272,222

CAP RATE

4.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

CBD

APN/PARCEL ID

NLON-000028-000140-000016

ASK ABOUT THIS PROPERTY

Connie HowardUS PropertiesMore Info
615-293-3878

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Connie HowardUS PropertiesMore Info
615-293-3878

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.