17 Franklin Street

New London, CT 06320

$900,000
Price
11
Beds
5
Baths
3,952 Sq. Ft.
$228 / Sq. Ft.
3,952
Sq. Ft.
$228
per Sq. Ft.

Description

Investors! $87,000 income! Don’t let the exterior scare you. Renovated interior! Unit 1 (bottom right) tenant is a long term tenant. This unit has not been renovated and rent reflects this. All other units have been fully renovated including new carpets, new heating systems, and new kitchen cabinets with granite countertops. All tenants are current and pay on time. Property has a driveway on the right side, leading to a parking lot in the rear with a 3 bay detached garage. Potential to rent each...Investors! $87,000 income! Don’t let the exterior scare you. Renovated interior! Unit 1 (bottom right) tenant is a long term tenant. This unit has not been renovated and rent reflects this. All other units have been fully renovated including new carpets, new heating systems, and new kitchen cabinets with granite countertops. All tenants are current and pay on time. Property has a driveway on the right side, leading to a parking lot in the rear with a 3 bay detached garage. Potential to rent each bay out for $150/each to increase revenue. One bay is rented by a tenant. Please DO NOT bother the tenants! Cap rate and potential increased rents make this a great opportunity for an investor! 3rd Floor has Central Air
  1. Listed by Shannon Muscara • RE/MAX ONE

Property Details for 17 Franklin Street

Neighborhood
N/A
Direct Waterfront
No
Swimming Pool
No
Basement Description
Full, Full With Walk-Out, Unfinished
Garage Parking Info
Detached Garage, Off Street Parking, Parking Lot
Garages Number
3

Location

Listing Courtesy of RE/MAX ONE, Shannon Muscara
Add your commute
LISTING UPDATED: 05/23/2023 08:27 AM

Property Details for 17 Franklin Street

StatusActive
MLS #170549981
Days on Market109
Taxes$6,510 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1870
Lot Size0.16 AC / 6,969 SF
CountyNew London County

Location

Listing Courtesy of RE/MAX ONE, Shannon Muscara
Add your commute

Building Information for 17 Franklin Street

Stories-Residences5Year Built1870Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$5,060 per month

30 year fixed, 6.43% Interest

Principal and Interest

$4,518

Property Taxes

$543

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 17 Franklin Street

Summary
    Property and Location
  • Directions: GPS FRIENDLY
  • Walk Score: 91
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Acres Source: Public Records
    Parking
  • Parking Total Spaces: 6
    HOA and Fees
  • HOA: No
  • Tax Year: July 2022-June 2023
    Virtual Tour
  • Virtual Tour: Yes
Interior and Exterior Features
    Exterior Features
  • Waterfront Description: Not Applicable
    Interior Features
  • Attic: Yes
  • Attic Description: Access Via Hatch
  • Laundry Room Info: None
  • Fireplaces Total: 0
  • Street View Param: 1$41.354435$-72.101161$276.36$13.33$1.00$CAoSLEFGMVFpcE9tY08weUlTTjJMRndGcVpDUW1VQzZQTEthWWhsM3RwWE04OV93
  • Primary on Main: No
  • Bedroom on Main: No
  • Full Bath on Main: No
  • Primary Bath YN: No
Property
    Property and Assessments
  • Bank Owned Property: No
  • Color: Yellow
  • Exterior Siding: Wood
  • Driveway Type: Private
  • Fuel Tank Location: Non Applicable
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Gross SQFT Per Public Records: 7520
  • New Construction Type: No/Resale
  • Construction Description: Frame
  • Year Built Source: Public Records
  • Living Area SQFT Per Public Records: 3952
    Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 2000305
  • Zoning: R-3
  • Sq Ft Est Heated Above Grade: 3952.0
    Utilities
  • Cooling System: None
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Water Source: Public Water Connected
  • Hot Water Description: Natural Gas
  • Sewage System: Public Sewer Connected
Multi Family
    Income and Expenses
  • Total Numof Units: 5
  • Occupied By: Tenant
    Building Details
  • Unit Count: 5
  • Rooms Total Multi Family: 26
    Unit 1
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Num Rooms: 5
  • Unit Monthly Rent: $1,000
  • Lease: Leased
  • Unit Appliances: Oven/Range,Microwave,Refrigerator
  • Occupied By: Tenant
    Unit 2
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Num Rooms: 5
  • Unit Monthly Rent: $1,200
  • Lease: Leased
  • Unit Appliances: Oven/Range,Microwave,Refrigerator
  • Occupied By: Tenant
    Unit 3
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Num Rooms: 5
  • Unit Monthly Rent: $1,500
  • Lease: Leased
  • Unit Appliances: Oven/Range,Microwave,Refrigerator
  • Occupied By: Tenant
    Unit 4
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Num Rooms: 5
  • Unit Monthly Rent: $1,500
  • Lease: Leased
  • Unit Appliances: Oven/Range,Microwave,Refrigerator
  • Occupied By: Tenant
    Unit 5
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Num Rooms: 6
  • Unit Monthly Rent: $1,900
  • Lease: Leased
  • Unit Appliances: Oven/Range,Microwave,Refrigerator
  • Occupied By: Tenant

Property History for 17 Franklin Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 17 Franklin Street

Taxable ValueLand$15,260Additions$154,000Total$169,260
Tax Record2022$6,510 ($542 / month)
Home Facts
Baths5Total Finished SqFt3,952 SqFtAbove Grade Finished SqFt3,952 SqFtStories2Lot Size6,944 SqFtStyleMulti-Family Res (5+ Units)Year Built1870CountyNEW LONDONAPNNLON M:F12 B:0172 L:0024

Schools near 17 Franklin Street

This home is within New London School District.
RatingSchoolTypeGradesDistance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
RatingSchoolDistance
Harbor School
PublicPK to 5

Bennie Dover Jackson Middle School
Public6 to 8

New London High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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17 Franklin Street is a multi-family home for sale in New London, CT 06320. This property was listed for sale on February 12, 2023 by RE/MAX ONE at $900,000. It has been on the market for a total of 109 days and was last sold on November 16, 2021. This listing's school district is New London School District. Nearby schools include Harbor School, Bennie Dover Jackson Middle School and New London High School. 17 Franklin Street is a 11-bed, 5-bath, 3,952 sqft multi-family home built in 1870.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX ONE, Shannon Muscara

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