About 171 Garfield Avenue
Discover an exceptional investment opportunity with this historic eight-unit apartment building at 171 Garfield Ave, New London. Built in 1875 and renovated in 2003, this property blends timeless charm with modern amenities. Located in a prime area, it offers easy access to medical facilities, shopping, and public transportation. Each unit features modern conveniences, including baseboard heating and natural gas water heating. Managed by Blue Rock Property Group, the building is well-maintained and currently generates $9,400 monthly rent, with potential to increase to $11,500. With a low vacancy rate and strong rental market, this property is a lucrative addition to any investment portfolio
Features of 171 Garfield Avenue
| MLS® # | 24029747 |
|---|---|
| Price | $925,000 |
| Bedrooms | 15 |
| Bathrooms | 9/1 |
| Full Baths | 9 |
| Half Baths | 1 |
| Square Footage | 6,385 |
| Acres | 0.53 |
| Year Built | 1875 |
| Type | Multi-Family For Sale |
| Sub-Type | 5 Family+ |
| Style | Units on different Floors, Other |
| Status | Under Contract - Continue to Show |
Community Information
| Address | 171 Garfield Avenue |
|---|---|
| Area | N/A |
| City | New London |
| County | New London |
| State | Connecticut |
| Zip Code | 06320 |
Amenities
| Parking | None |
|---|---|
| Is Waterfront | No |
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Heating | Baseboard, Electric, Natural Gas |
|---|---|
| Cooling | None |
| Fireplace | No |
Exterior
| Exterior | Asbestos |
|---|---|
| Lot Description | Level Lot |
| Roof | Asphalt Shingle |
| Foundation | Concrete, Stone |
School Information
| Elementary | Per Board of Ed |
|---|---|
| High | Per Board of Ed |
Additional Information
| Date Listed | July 2nd, 2024 |
|---|---|
| Days on Market | 95 |
| Zoning | R-2 |
| RE / Bank Owned | No |
Listing Details
| Office | Seaport Real Estate Services |
|---|