40 Pearl St - Apartments FOR SALE


New London, CT 06320
$1,500,000 USD
615-293-3878
40 Pearl St, New London, CT for Sale
$1,500,000 USD
Apartments - FOR SALE
1/30
null | 7.18% Cap Rate

40 Pearl St
New London, CT 06320


OVERVIEW

Very well maintained 12 Unit multi-family property in the heart of downtown New London. All units are 1 bedroom with 1 bathroom. Total square footage is 9,366. Three stories with basement. Heat and hot water included in the rent. Laundry room on site. Water views from some units. NOI approximately $107,720. CAP rate: 7. Close proximity to restaurants, bars and shops. Room to increase NOI.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

12

PRICE/UNIT

$125,000

CAP RATE

7.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1895

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

CBD-2

APN/PARCEL ID

NLON-000028-000147-000010

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.