About 31 & 25 Franklin Street
This large Multi-Family property on a corner lot, awaits to be added to your investment portfolio before the new year! Within walking distance to downtown, these two buildings share one lot! Five units are occupied with long term tenants, and there are three units that need to be renovated. Below market rents but lots of potential! Large barn in back (entrance on Cottage St) has been torn down. The 5 Unit building has Solar panels to assist with energy costs, which also has newer vinyl siding. The basement apartment is in need of renovation. Tenants would like to stay, however the tenant in building 25 Unit 1 is vacating. This unit has 3 bedrooms 2 full baths, the second and third floor units in building 25 are fully gutted and needs renovations. Buyer to do own due diligence. Please do not disturb the tenants or walk the property without an appointment on Sundays and Thursdays only. Estate Sale, probate approval not needed, selling As-Is.
Features of 31 & 25 Franklin Street
| MLS® # | 170595223 |
|---|---|
| Price | $675,000 |
| Bathrooms | 0.00 |
| Square Footage | 5,080 |
| Acres | 0.31 |
| Year Built | 1890 |
| Type | Multi-Family For Sale |
| Sub-Type | 5 Family+ |
| Status | Under Contract - Continue to Show |
Community Information
| Address | 31 & 25 Franklin Street |
|---|---|
| Area | N/A |
| City | New London |
| County | New London |
| State | CT |
| Zip Code | 06320 |
Amenities
| Parking | On Street Parking |
|---|---|
| Is Waterfront | No |
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Heating | Hot Air, Natural Gas |
|---|---|
| Cooling | None |
| Fireplace | No |
Exterior
| Exterior | Vinyl Siding, Clapboard, Wood |
|---|---|
| Exterior Features | Porch, Sidewalk |
| Lot Description | Level Lot, Corner Lot |
| Roof | Asphalt Shingle |
| Foundation | Stone |
School Information
| Elementary | Per Board of Ed |
|---|---|
| High | Per Board of Ed |
Additional Information
| Date Listed | September 1st, 2023 |
|---|---|
| Days on Market | 22 |
| Zoning | R-3 |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX ONE |
|---|