53-55 Bank Street, New London, CT 06320
53-55 Bank Street, New London, CT 06320
53-55 Bank Street, New London, CT 06320
53-55 Bank Street, New London, CT 06320
53-55 Bank Street, New London, CT 06320
53-55 Bank Street, New London, CT 06320
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Anita Chu

Anita Chu

+1(860) 909-5996
$ 1,625,000
Est. payment | /mo

5 Beds

7,668 SqFt

Save
$ 1,625,000
Est. payment | /mo
Save

5 Beds

7,668 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Under Contract

Purchase Type For Sale

Square Footage 7,668 sqft

Price per Sqft $211

MLS Listing ID 24157233

Style Units on different Floors

Bedrooms 5

Year Built 1897

Annual Tax Amount $23,362

Lot Size 4,791 Sqft

Property Sub-Type 5 Family+

Property Description

Mixed use property with 1 commercial unit and 8 apartments located in the heart of downtown New London. This 10,636 SF, 3 story building has 1 commercial 2,556 SF unit on the ground level. Formerly 'Diamond Pizza' the restaurant space is currently available and turnkey-ready with F,F&E. There are 8 apartments on the 5,112 SF second and third floors. There is a 2,556 SF basement. NOI approximately $107,329. Room to increase NOI leasing the commercial unit which had been paying $3,075 / month. Contact office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 153 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.

Location

State CT

County New London

Zoning CBD-1

Rooms

Basement Full, Unfinished

Interior

Heating Heat Pump

Cooling Split System

Exterior

Waterfront Description Ocean Frontage

Roof Type Other

Building

Lot Description Level Lot

Foundation Concrete

Sewer Public Sewer In Street

Water Public Water In Street

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Constance Howard • U.S. Properties Real Estate Services, LLC

Schools and Properties Nearby

Learn More About LPT Realty

Anita Chu
Anita Chu

REALTOR®, ABR®, C2EX, AHWD | License ID: RES.0822482

+1(860) 909-5996 | anitahomect@gmail.com

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53-55 Bank Street