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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!
| DAYS ON MARKET | 1 | LAST UPDATED | 4/29/2025 |
|---|---|---|---|
| YEAR BUILT | 1890 | GARAGE SPACES | 3.0 |
| COUNTY | New London | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Per Board of Ed |
|---|---|
| High School | New London |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| BASEMENT | Full, Walk-Out Access, Yes |
| CONSTRUCTION | Frame, Vinyl Siding |
| GARAGE | Yes |
| HEAT | Natural Gas, Steam |
| LOT | 9148 sq ft |
| LOT DESCRIPTION | Level |
| SEWER | Public Sewer |
| STYLE | Units on different Floors |
| TAXES | 7535 |
| VIEW | Yes |
| VIEW DESCRIPTION | Water |
| WATER | Public |
| ZONING | RA |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing courtesy of Santana Realty Group LLC
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