Our mobile site is optimized for smaller screens.


887 Bank StreetNew London, CT 06320MLS Number E10219368

  • Sale Price: $225,000The price has recently decreased
  • Listed at $239,900
  • 66 Days Since Sale
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.

  • 0.18Acreage
  • 3,324Square Feet
  • 1919Year Built

Attention Investors! This Cash Cow Property Is Fully Rented! Occupy One Unit And Let The Other 2 Pay For The Property Itself. Tenants Are Happy To Have Parking Available Year Round. Laundry Hook Ups For All Units. Quality Updates On The Property Includes Mechanical, Plumbing And Electrical. Lead Abated, Asbestos Free And Centrally Located. Minimal Cosmetic Updates Needed (If Any). Financial Analysis Document Provides Ideal Return On Investment. This Report Is Available To Eligible Parties Only.

Listed by Priscilla B. Shabarekh of RE/MAX Admiral

Listing Sold by RE/MAX Admiral,

Driving Directions

Your Local Office

Market Realty, LLC
28 Cottrell St
Mystic CT, 06355

Office: 860.572.1155

Ask A Question

Do not fill in this field:

More Info

Basic Information

  • StatusSLD
  • List Price$239,900
  • Square Feet3,324
  • HoaNo
  • Lease purchaseNo
  • Units3
  • Sale Date07/21/2017
  • Sale Price$225,000
  • Sale AgentSHABAREP
  • Property subtype3 Family
  • Sale OfficeADMR60
  • Property TypeMulti-Family For Sale
  • Acreage0.18
  • MLS NumberE10219368


  • Interior featuresCable - Available, Fire Suppression System


  • AmenitiesCommuter Bus, Shopping/Mall, Public Trash Pickup, Walk to Bus Lines

Water Body

  • WaterfrontNo


  • Bank owned propertyNo


  • Landlord responability
    • Grounds Maintenance
    • Insurance
    • Maintenance/Repairs
    • Parking
    • Real Estate Taxes
    • Sewer
    • Snow Removal
    • Trash Service
    • Water
  • Radon mitigation airNo
  • Radon mitigation waterNo
  • Space is leasedNo
  • Offmarket date07/21/2017
  • Appliances IncludedOven/Range, Refrigerator
  • Documents AvailableLegal Description
  • View Count1

Tax Information

  • Milrate total40.46
  • Taxes$3,484
  • Tax YearJuly 2016-June 2017
  • Assessed value$86,100


  • StateCT
  • Zip06320
  • CountyNew London


  • Lot DescriptionEasements
  • Driveway TypeAsphalt, Gravel, Paved
  • Garage1
  • Parking Spaces10
  • FloodzoneNo
  • SwimmingpoolNo


  • ColorBeige
  • Exterior features
    • Balcony
    • Deck
    • Lighting
    • Outside Storage Area
    • Porch-Enclosed
    • Sidewalk
    • Underground Sprinkler
  • Exterior sidingVinyl Siding

School Information

  • Elementary SchoolPBOE
  • High SchoolPBOE


  • Laundry room infoBasement Hook-Up(s), Common Laundry Area
  • Laundry room locationUpper Level


  • Year Built1919
  • Property Style3updown - Unit(s) per Floor
  • Energy FeaturesThermopane Windows
  • Garage Parking InfoOff Street Parking, Parking Garage, Parking Lot, Paved
  • AtticNo
  • BasementConcrete Floor, Dirt Floor
  • Stories2


  • Water sourcePublic Water Connected
  • Cooling SystemCeiling Fans
  • Hot water descriptionNatural Gas
  • Heating FuelOil
  • Fuel tank locationIn Basement
  • Heat SystemWarm Air
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

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.

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:


Do not fill in this field: