30 Montauk Ave - Apartments FOR SALE


New London, CT 06320
$850,000 USD
203-486-9039
30 Montauk Ave, New London, CT for Sale
$850,000 USD
Apartments - FOR SALE
1/10
null | 6.62% Cap Rate

30 Montauk Ave
New London, CT 06320


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Nearby Employment Hubs
  • Value-Add Potential
  • Off-Street Parking & Amenities
  • Strong Rental Demographics & Demand

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 30 Montauk Avenue in New London, CT (the “Property”). The three-story building contains six (6) 2-Bedroom/1-Bathroom units with 6,264 square feet of gross living area and 9,025 square feet of gross area. The Property is situated upon a 0.10-acre parcel and offers off-street parking, as well as large units for tenants to enjoy spacious living. The Property is strategically located along one of New London’s primary thoroughfares, offering excellent visibility and convenient access to downtown, local amenities, and key transportation corridors. The property is just minutes from Interstate 95 and Route 32, providing seamless connectivity throughout southeastern Connecticut and to major employment hubs such as Groton, Norwich, and the broader New London County region. Nearby retail centers, medical facilities, higher education institutions, and coastal recreation contribute to strong tenant demand and long-term occupancy stability.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

6

PRICE/UNIT

$141,667

CAP RATE

6.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

30 Montauk Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C-1

APN/PARCEL ID

NLON-000026-000122-000030

ASK ABOUT THIS PROPERTY

Tom ConnorHorvath & TremblayMore Info
203-486-9039

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Tom ConnorHorvath & TremblayMore Info
203-486-9039

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