About 157 Crystal Avenue
Turnkey investment opportunity! This well-kept 5-unit multifamily at 157 Crystal Ave, New London, CT 06320 brings in an impressive $10,000 in monthly rental income (with 3 units at $1,250, one at $2,500, and another at $3,750), delivering an annual NOI of $72,000. Recently appraised at $700,000 in June 2024, the property includes a newer furnace, a coin-operated laundry system for added income, and a 3-car garage offering extra rental potential or storage space. Ideal for investors looking for strong cash flow and a stable asset!
Features of 157 Crystal Avenue
| MLS® # | 24091753 |
|---|---|
| Price | $709,900 |
| Bedrooms | 10 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 4,159 |
| Acres | 0.21 |
| Type | Multi-Family For Sale |
| Sub-Type | 5 Family+ |
| Style | Units on different Floors |
| Status | Active |
Community Information
| Address | 157 Crystal Avenue |
|---|---|
| Area | N/A |
| City | New London |
| County | New London |
| State | Connecticut |
| Zip Code | 06320 |
Amenities
| Parking | Detached Garage |
|---|---|
| Garage Spaces | 3 |
| Is Waterfront | No |
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Heating | Steam, Natural Gas |
|---|---|
| Cooling | Window Unit |
| Fireplace | No |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Lot Description | Level Lot, Water View |
| Roof | Asphalt Shingle |
| Foundation | Concrete |
School Information
| Elementary | Per Board of Ed |
|---|---|
| High | New London |
Additional Information
| Date Listed | April 29th, 2025 |
|---|---|
| Days on Market | 15 |
| Zoning | RA |
| RE / Bank Owned | No |
Listing Details
| Office | Santana Realty Group LLC |
|---|