190 Montauk Avenue, New London, CT 06320 (MLS # 24146137)

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PRICE $655,000 BEDS 4 BATHS 3 HOME SIZE 3,018 sqft LOT SIZE 9,148 sqft

Turnkey, Well-maintained, Nicely Updated, three-unit multifamily offering. Here is an Income Producing property with favorable rental income and long-term stability in a proven rental market. New London's high-demand rental market is supported by major local employers and Navy Personnel needs including Electric Boat, Mitchell College, Connecticut College, Lawrence + Memorial Hospital, and the nearby Naval Submarine Base New London. This investment provides favorable market rents with potential for Value-Add opportunities. The properties systems and layouts support continued operation with No Need for immediate improvements, making this an excellent option for investors seeking a straightforward, income-producing asset. Prime Location, Minutes from Electric Boat, Sub Base, and other major employers ensuring optimal prospects for always be occupied. This location is convenient to Great Restaurants, Shops, Theater, Library, Music Venues, Fitness Training, Health Care and Much More. Walkable and/or a Short Ride to other Restaurants, Shopping, Healthcare, Entertainment, Major Employers, Beaches, Boating, Schools, Casinos, and much more. It is Conveniently Situated 5 Minutes to Groton, 15 minutes to Niantic, 20 minutes to Mystic, 30 minutes to the Rhode Island border, and about an hour to Hartford. New London's central CT shoreline location is Midway between New York and Boston, offering easy access to Land, Rail, and Sea transportation, and less than an hour to Major Airports.