$285,000 ($98.14 per sqft)

Under Contract

Est. Mortgage $1,440/mo *

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Listing courtesy of Oriel Hayer (860) 237-6545, Real Broker CT, LLC (860) 884-9511

119 Jefferson Avenue, New London, CT, 06320

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14 rooms

5 beds

3 Full baths

1890

Units on different Floors

2,904 sqft

***Highest & Best Due by Wednesday 1pm!***Attention investors and contractors! Value-add 3-family opportunity located at 119 Jefferson Avenue with strong income potential and immediate cash flow. All three units are currently occupied with month-to-month tenants, offering flexibility for rent increases or future renovations. Current rents total approximately $3,700+ per month, with upside potential once improvements are completed. Property features a solid multi-unit layout and includes a huge driveway with ample off-street parking plus a detached one-car garage-a rare and valuable feature for tenants. Property requires significant updates, including heating system installation, siding replacement, roof evaluation, and cosmetic improvements throughout. Being sold strictly as-is. Ideal for cash buyers or rehab loan financing. This is a prime opportunity to reposition an income-producing asset in New London's active multifamily market. With the right renovations, this property offers strong cash flow and long-term appreciation potential. Conveniently located near major employers, Electric Boat, shopping, dining, and local amenities. Don't miss your chance to unlock the full potential of this multi-family investment!

Status:

Under Contract

Type:

Multi-family

Units:

Zoning:

C-1

Garage:

1-car Detached Garage

Heating:

Gravity Warm Air, Wall Unit

Cooling:

None

Basement:

Partial, Full, Full With Walk-Out

Acreage:

0.24

Est. Taxes:

$3,862

Assessment

$142,000

Lot Description:

Sloping Lot

Elementary School:

Per Board of Ed

High School:

New London

Days on Market:

MLS #:

24158616

Community Info

School Info

Walk Score

Mass Transit

Yelp

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