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78 Broad StreetNew London, CT 06320MLS Number E10193864

  • Price: $359,900The price has recently decreased
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Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 4.03% last updated on 2017-07-13

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 0.11Acreage
  • 1920Year Built
  • 5,439Square Feet
  • $48,600Gross annual income

Three building, 7 unit income producing property that produces $43k a year with rents well below market value. This building is fully occupied and on month to month leases. Property is located in a high traffic area. Call your agent for more details!

Listed by John Huhn of Coldwell Banker Residential Brokerage

Driving Directions

Your Local Office

Market Realty, LLC
28 Cottrell St
Mystic CT, 06355

Office: 860.572.1155

More Info

Basic Information

  • Broker NameColdwell Banker Residential Brokerage
  • List Price$359,900
  • MLS NumberE10193864
  • Property TypeCommercial For Sale
  • StatusACT
  • TownNew London
  • Gross annual income$48,600
  • Commercial catagoryBusiness Opportunity, Office, Residential Income, Retail
  • Also for leaseNo

Utilities

  • Heat SystemBaseboard, Other
  • Heating FuelElectric, Natural Gas
  • Water sourcePublic Water Connected
  • Cooling SystemNone
  • Fuel tank locationNon Applicable
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

Tax Information

  • Assessed value$217,980
  • Taxes$8,819
  • Tax YearJuly 2017-June 2018
  • Milrate total40.46

Building

  • RoofAsphalt Shingle
  • Year Built1920
  • AtticNo
  • Garages0
  • FlooringConcrete, Tile, Wall-to-Wall Carpet
  • Garage Parking InfoOn Street Parking
  • Square Feet5,439
  • Restrooms number of7
  • Stories2
  • Additional space availableNo

Auction

  • Bank owned propertyNo

Basic Information

  • Agent ID, HUHNJ

Location

  • CountyNew London
  • StateCT
  • Zip06320

Property

  • Acreage0.11
  • Lot DescriptionLevel Lot
  • Parking Spaces0
  • FloodzoneNo
  • Road Frontage200
  • Environmental assessmentUnknown
  • SwimmingpoolNo

Water Body

  • WaterfrontNo

Other

  • Lease purchaseNo
  • Purchase optionNo
  • Landlord responabilityCommon Area Maintenance, Real Estate Taxes, Roof Maintenance, Structural Maintenace, Trash Service
  • Inventory includedNo
  • SubdividableUnknown
  • Net operating income38600
  • Radon mitigation airNo
  • Radon mitigation waterNo
  • Space is leasedNo
  • Present useLiquor store, Hair studio, Conv. Store, Law Office, Deli & 2 Apts
  • Potential useRetail, Office, Etc
  • View Count1

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Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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