Listed by US Properties Inc
$1,350,000
147 Bank Street, New London, CT
Details
Property Type Mixed Use, Retail
Sub Type Storefront
Square Footage 11,894
Net Rentable (SqFt) 11,894
Cap Rate 5.36%
NOI $72,320
Price per SqFt $114
Year Built 1900
Buildings 1
Stories 4
Zoning CBD-1
Mixed Use | 5.36% CAP | 11,894 SqFt
Marketing description
Fully leased, mixed-use property located in the heart of downtown New London.
This 11,894 SF, 2 story building has a 3,193 SF commercial space on the 1st floor and 3 apartments on the 5,508 SF second floor. There is a 3,193 SF basement.
The apartments have high ceilings, large windows and beautiful views of the Thames River. Building was fully renovated in 2017.
NOI approximately $76,536. Call office for financials.
Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 153 Bank Street for a total of 6 commercial units and 17 Apartments.
Investment highlights
Fully leased mixed-use property located in heart of downtown New London.
Commercial space and 3 apartments.
Excellent investment property.
Listing Contacts
Listed by US Properties Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,320.00
$6,026.67/mo
Valuation Metrics
0
DSCR
5.36%
Cap Rate
5.36%
ROI
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