205 Shaw
New London, CT 06320

Property

Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 8 BR
Bathrooms: 4
Pets: Pets Unknown
Area: 2400 sq ft

Financials

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Micah Bailey of Alpha Capital Realty, LLC

Description

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!

Amenities

  • Elementary School - Harbor
  • High School - New London
  • Intermediate School -

Attention investors and owner occupants !


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