205 Shaw StreetNew London, CT 06320
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Attention investors! 205 Shaw Street is a value-add 4-family investment property offering immediate cash flow over an 8.2 cap with potential to stabilize over a 9.5 CAP. This prime value-add opportunity features full occupancy, with recent renovations in all four units. Basement unit and Unit 2 are completely renovated featuring brand-new vinyl flooring, stainless steel appliances, and modern finishes, appealing to today's renters. Located in a high-demand area with steady rent growth, it's just 3 miles from the Groton Submarine Base, local beaches, and universities, and only a 15-minute commute to Electric Boat. Situated one block from a brand-new luxury apartment complex, this property guarantees strong rental demand. Whether you're looking to build your portfolio or live mortgage-free with rental income covering your expenses, 205 Shaw Street is a rare opportunity to own an asset with strong upside in a thriving market.
| a week ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Status changed to Active | |
| 2 weeks ago | Price changed to $524,900 | |
| 5 months ago | Listing first seen on site |
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