Excellent Turnkey Multi-Family Investment Opportunity. This 8-unit multi-family property is Fully Rented and in an Exceptional location with high rental demand! Unit Mix: Studios, 1-bedrooms, and a spacious 2-bedroom unit. Close to Mitchell & Conn College, L&M Hospital, Electric Boat, and Sub Base. Conveniently located 15 minutes from Niantic as well as the Groton Subbase, 25 minutes from Mystic, and 40 minutes from Hartford and the Rhode Island border. New London's Central CT Shoreline location is Midway between New York and Boston, providing easy access to Land, Rail, and Water transportation, and less than an hour to Major Airports.
Basement:
Full, Unfinished, Concrete Floor, Full With Hatchway
Lot Description:
Corner Lot,Level Lot,Water View,Rolling
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
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Listing courtesy of Ferdinand Giacinto, RE/MAX on the Bay Email: fjgiacinto@gmail.com
179 Montauk Avenue, New London, CT, 06320
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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