205 Crystal Avenue, New London, CT 06320
205 Crystal Avenue, New London, CT 06320
205 Crystal Avenue, New London, CT 06320
205 Crystal Avenue, New London, CT 06320
205 Crystal Avenue, New London, CT 06320
205 Crystal Avenue, New London, CT 06320
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Steven Scarnati

Steven Scarnati

+1(845) 661-3469
$ 250,000
Est. payment | /mo

6 Beds

3 Baths

2,272 SqFt

Save
$ 250,000
Est. payment | /mo
Save

6 Beds

3 Baths

2,272 SqFt

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,272 sqft

Price per Sqft $110

MLS Listing ID 24190831

Style 3updown - Unit(s) per Floor

Bedrooms 6

Full Baths 3

Year Built 1890

Annual Tax Amount $4,953

Lot Size 6,969 Sqft

Property Sub-Type 3 Family

Property Description

Investors, take notice! Your next renovation, BRRRR, house-hack, or long-term hold could be waiting at 205 Crystal Ave, New London. This three-family offers tremendous value-add potential with 6 bedrooms, 3 full baths, well over 2,200 square feet of living space, and the potential for even more. Featuring large units, hardwood floors throughout, solid bones, natural gas, and both on-street and off-street parking, this property provides an excellent foundation for your next investment. The right renovation could unlock strong after-repair value, increase rental income, and build long-term equity. Conveniently located near the U.S. Coast Guard Academy, Connecticut College, Electric Boat, and the U.S. Submarine Base, it's well-positioned to attract long-term tenants. Based on your renovation plan and rental strategy, this is a property investor should seriously entertain, with the potential to produce double-digit returns and, if renovation costs, financing, operating expenses, and rental income align as projected, the possibility of achieving a 10-12% cap rate. Bring your vision and bring 205 Crystal Ave. back to life.

Location

State CT

County New London

Zoning R-2

Rooms

Basement Full, Storage

Interior

Heating Steam

Cooling None

Exterior

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Foundation Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Stephano Stravoravdis • Real Broker CT, LLC
Steven Scarnati

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(845) 661-3469

stevescarnatihomes@gmail.com

401 Park Ave South 10th Fl, New York, NY, 10016, USA

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205 Crystal Avenue