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Off market
  • $557,500

    249 Pequot Ave, New London, CT 06320

    5beds
    2,500sqft
    MultiFamily
    Built in 1920
    -- sqft lot
    $557,500 Zestimate®
    $223/sqft
    $2,491 Estimated rent

    Home value

    $557,500

    $513,000 - $608,000

    $2,491/mo

    Zestimate® history
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    $3,758/mo

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    What's special

    CALL LORI HOPKINS-CAVANAGH, BROKER OWNER - SHOREVIEWS LLC 8604492007 for more info on this incredible INCOME PRODUCER! Agent/Owner wants to move on to another project! You will not find this great investment opportunity on the Multiple Listing Service! UNIQUE MIXED USE NEIGHBORHOOD of marinas restaurants, beaches, and employers. Current profits of around 10%+ per year, for the pleasure of owning this low cost, gorgeous property. A steady income producer in high demand, this property has water views from every apartment, and is in excellent condition. It sports a stunning, maintenance-free deck for the third floor unit, a private patio for the second floor unit and water views from every unit! Major improvements enhance this cash cow! Stunning Thames River views including Greene Harbor and the restaurants and marinas from all units in this charming coastal cape in the year-round, magnificent BEACH district of town. Mixed use building features a first floor commercial residence and living space with two additional residential units above. The first floor is currently a law office and residence, and was previously a real estate office. Fully renovated, the first floor unit features on demand hot water heat, baseboard gas heat, three private rooms and a gorgeous kitchen, dining area and bath. Each units has an in unit laundry hook-up. There is a nice yard with off street parking for up to six cars with plenty more on street and in municipal lot behind the building. Also two exterior storage units are available for tenant or owner use. This is a great walking, biking and boating 'famous' village area in walking distance to EB, L+M, and Mitchell College. The access to the Downtown business district, as well as, and AMTRAK and FERRY service to New York is superior: location, location, location! Great for live in investor. Professionals waiting in line to rent. Direct line: 8604492007. ShoreViews, LLC REB.0788440, Connecticut Brokerage and Member of the Connecticut Association of Realtors, National Association of Realtors, and Licensed in the State of Connecticut. Furnishings negotiable.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Electric, Gas
    Cooling
    • Other
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Linoleum / Vinyl
    • Doors: Storm Door(s)
    • Windows: Storm Window(s)
    • Basement: Finished
    • Attic: Walk-up
    Interior area
    • Total interior livable area: 2,500 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 6
    • Parking features: Off-street, On-street
    Features
    • Patio & porch: Deck, Patio
    • Exterior features: Stone, Brick
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Access, Walk To Water, View
    Lot
    • Size: 7,405 sqft
    • Features: Rolling, Level
    Details
    • Zoning: R-1

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Units on different Floors
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public Water Connected

    Community & neighborhood

    Location
    • Region: New London

    HOA & financial

    Other financial information
    • Total actual rent: 314900

    Other

    Other facts
    • ViewYN: true
    • Sewer: Public Sewer
    • Heating: Baseboard, Electric, Natural Gas
    • Roof: Asphalt
    • Basement: Finished, Full With Walk-Out
    • HeatingYN: true
    • PatioAndPorchFeatures: Deck, Patio
    • CoolingYN: true
    • NumberOfUnitsTotal: 3
    • Zoning: R-1
    • ConstructionMaterials: Frame, Block, Brick
    • LandLeaseAmountFrequency: Monthly
    • LotFeatures: Rolling, Level
    • FoundationDetails: Block, Masonry
    • NumberOfUnitsInCommunity: 3
    • NetOperatingIncome: 26300
    • CommunityFeatures: Basketball Court, Park, Medical Facilities, Walk to Bus Lines, Public Pool, Public Transportation, Public Rec Facilities
    • View: View, Water
    • ParkingFeatures: Off Street, Parking Lot
    • Cooling: Ceiling Fan(s)
    • DoorFeatures: Storm Door(s)
    • WindowFeatures: Storm Window(s)
    • BelowGradeFinishedArea: 0
    • GrossIncome: 41400
    • YearBuiltSource: Public Records
    • Attic: Walk-up
    • WaterfrontFeatures: Access, Walk To Water, View
    • WaterSource: Public Water Connected
    • TotalActualRent: 314900.00
    • OperatingExpense: 15100
    • ExteriorFeatures: Stone Wall
    • ArchitecturalStyle: Units on different Floors

    Price history

    DateEventPrice
    1/28/2021Listing removed--
    Source: Owner Report a problem
    9/1/2020Listed for sale$449,449+42.7%$180/sqft
    Source: Owner Report a problem
    10/1/2019Listing removed$314,900$126/sqft
    Source: Shore Views Real Estate #170172175 Report a problem
    7/31/2019Price change$314,900+9%$126/sqft
    Source: Shore Views Real Estate #170172175 Report a problem
    3/13/2019Listed for sale$289,000+1.4%$116/sqft
    Source: Shore Views Real Estate #170172175 Report a problem
    1/1/2019Listing removed$284,900$114/sqft
    Source: Shore Views Real Estate #170139210 Report a problem
    10/26/2018Listed for sale$284,900+16.3%$114/sqft
    Source: Shore Views Real Estate #170139210 Report a problem
    3/1/2018Listing removed$245,000$98/sqft
    Source: Shore Views Real Estate #170037264 Report a problem
    2/18/2018Price change$245,000-1.6%$98/sqft
    Source: Shore Views Real Estate #170037264 Report a problem
    12/8/2017Listed for sale$249,000$100/sqft
    Source: Shore Views Real Estate #170037264 Report a problem
    11/29/2016Listing removed$950+11.8%
    Source: Shore Views Real Estate #E10177891 Report a problem
    3/14/2016Listing removed$850
    Source: Shore Views Real Estate #E10087640 Report a problem
    10/14/2015Listed for rent$850+3%
    Source: Shore Views Real Estate #E10087640 Report a problem
    11/17/2014Listing removed$825
    Source: Shore Views Real Estate #E281190 Report a problem
    11/15/2014Price change$825+6.5%
    Source: Shore Views Real Estate #E281190 Report a problem
    10/3/2013Price change$775-6.1%
    Source: Shore Views Real Estate #E269919 Report a problem
    9/4/2013Listed for rent$825
    Source: Shore Views Real Estate #E269919 Report a problem
    10/6/2012Listing removed$825
    Source: Shore Views Real Estate #E260351 Report a problem
    8/17/2012Listed for rent$825
    Source: Shore Views Real Estate #E260351 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 06320

    Nearby schools

    GreatSchools rating
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