31 & 25 Franklin
New London, CT 06320
- – beds
- – baths
- 5,080 sqft
- 13,504 sqft lot
- $126 per sqft
- 1890 build
- – on site
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This large Multi-Family property on a corner lot, awaits to be added to your investment portfolio before the new year! Within walking distance to downtown, these two buildings share one lot! Five units are occupied with long term tenants, and there are three units that need to be renovated. Below market rents but lots of potential! Large barn in back (entrance on Cottage St) has been torn down. The 5 Unit building has Solar panels to assist with energy costs, which also has newer vinyl siding. The basement apartment is in need of renovation. Tenants would like to stay, however the tenant in building 25 Unit 1 is vacating. This unit has 3 bedrooms 2 full baths, the second and third floor units in building 25 are fully gutted and needs renovations. Buyer to do own due diligence. Please do not disturb the tenants or walk the property without an appointment on Sundays and Thursdays only. Estate Sale, probate approval not needed, selling As-Is.
Last checked:
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Last updated Nov 1, 2024
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MLS# 170595223 —
The Building
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Year Built:1890
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Year Built Source:Public Records
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New Construction Type:No/Resale
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Roof Information:Asphalt Shingle
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Attic:Yes
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Attic Description:Access Via Hatch
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Foundation Type:Stone
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SqFt Total:5080
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SqFt Est Heated Above Grade:5080
Location
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Directions:Corner of Cottage and Franklin St.
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Neighborhood:N/A
The Property
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Parcel Number:2000308
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Property Type:Multi-Family For Sale
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Property Subtype:5 Family+
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Zoning:R-3
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Acres:0.31
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Acres Source:Public Records
Listing Agent
- Contact info:
- Agent phone:
- (860) 857-6912
Taxes
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Property Taxes:8522
The Listing
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No
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Virtual Showing:No
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Home Warranty Offered:No
Heating & Cooling
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Heat Type:Hot Air
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Heat Fuel Type:Natural Gas
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Cooling System:None
Utilities
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Water Source:Public Water Connected
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Sewage System:Public Sewer Connected
Schools
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Elementary School:Per Board of Ed
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High School:Per Board of Ed
The Community
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Swimming Pool:No
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Direct Waterfront:No
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Waterfront Description:Not Applicable
Parking
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Garage/Parking:On Street Parking
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/17/23
Oct 17, 2023
|
Sold | SMART_MLS | $645,000 | -4.4% |
|
9/2/23
Sep 2, 2023
|
Pending | SMART_MLS | $675,000 | |
|
9/1/23
Sep 1, 2023
|
Listed / Active | SMART_MLS | $675,000 |
