179 Montauk Avenue

New London, CT 06320

$705,000
Last Sold Price
7
Beds
6
Baths
4,360 Sq. Ft.
$162 / Sq. Ft.
4,360
Sq. Ft.
$162
per Sq. Ft.

Description

Investor alert! Huge 8 unit multi-family home situated on a corner lot with city views and easy assess to Electric Boat, Yale New Haven Hospital and Mitchell College. This fully rented out building boasts over $54,000 in income in 2022. This well cared for home features six 1 bedroom/1 bathroom, one 2 bedroom/1 bathroom and one Studio apartment. Five out of the eight units have been completed renovated with fresh paint, refinished floors, new cabinets and counters, tiled backsplashes, new appliances...Investor alert! Huge 8 unit multi-family home situated on a corner lot with city views and easy assess to Electric Boat, Yale New Haven Hospital and Mitchell College. This fully rented out building boasts over $54,000 in income in 2022. This well cared for home features six 1 bedroom/1 bathroom, one 2 bedroom/1 bathroom and one Studio apartment. Five out of the eight units have been completed renovated with fresh paint, refinished floors, new cabinets and counters, tiled backsplashes, new appliances and remodeled bathrooms. All units but one include heat and hot water in the rents. The main floor coin operated laundry area convenience for the tenants and boast around $1000 added income annually. This lovely home also features a 2 car detached garage and a full unfinished basement. All units are rented and up to date on all rents. Home is on the SEAT bus line. If you’re looking to build your real estate portfolio don’t miss this fantastic property.
  1. Listed by Scott Pellerin • Coldwell Banker Realty
    P: (860) 739-6277 C: (860) 2356345 scott.pellerin@cbmoves.com

Property Details for 179 Montauk Avenue

Basement Description
Full With Hatchway, Unfinished, Concrete Floor, Hatchway Access
Direct Waterfront
No
Garages Number
2
Neighborhood
N/A
Style
Other
Garage Parking Info
Detached Garage, Driveway, On Street Parking
Swimming Pool
No

Location

Listing Courtesy of Coldwell Banker Realty, Scott Pellerin

Sold By RE/MAX on the Bay, Ferdinand J Giacinto

Add your commute
LISTING UPDATED: 08/28/2023 02:55 PM

Property Details for 179 Montauk Avenue

StatusClosed
MLS #170572442
Days on Market12
Taxes$8,485 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1903
Lot Size0.24 AC / 10,454 SF
CountyNew London County

Location

Listing Courtesy of Coldwell Banker Realty, Scott Pellerin

Sold By RE/MAX on the Bay, Ferdinand J Giacinto

Add your commute

Building Information for 179 Montauk Avenue

Stories-Residences8Year Built1903Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$4,555 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,847

Property Taxes

$707

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 179 Montauk Avenue

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: On the corner of Montauk and Blydenburg.
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Per Board of Ed
  • Intermediate School: Per Board of Ed
  • Latitude: 41.343021
  • Longitude: -72.105522
  • Middle Jr High School: Per Board of Ed
  • Neighborhood Amenities: Basketball Court, Commuter Bus, Park, Playground/Tot Lot, Shopping/Mall, Walk to Bus Lines
  • State: Connecticut
Parking
  • Parking Total Spaces: 2
HOA and Fees
  • Home Owner's Assocation: No
  • Property Tax: $8,485
Interior and Exterior Features
Exterior Features
  • Exterior Features: Gutters
  • Waterfront Description: River, Beach, Walk to Water
Interior Features
  • Attic Description: Access Via Hatch
  • Cooling System: None
  • Heat Type: Radiator, Steam
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Laundry Room Info: Coin Op Laundry, Common Laundry Area
  • Laundry Room Location: Coin Op Laundry 1st Floor
  • Rooms Total: 19
Property
Property and Assessments
  • Color: Gray
  • Construction Description: Frame
  • Driveway Type: Other
  • Elevation Certificate: No
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Fuel Tank Location: In Basement
  • Gross SQFT Per Public Records: 6977
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1903
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 4360
Lot Information
  • Lot Description: Corner Lot, Level Lot
  • Parcel Number: 1999073
  • Sq Ft Est Heated Above Grade: 4360.0
  • Sq Ft Total: 4360.0
  • Zoning: RES/MU
Utilities
  • Heat Fuel Type: Oil
  • Hot Water Description: Natural Gas
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 26862
  • Gross Annual Income: 81554
  • Net Operating Income: $54,692
  • Occupied By: Tenant
  • Total Number of Units: 8
  • Total Rooms Multi Family: 19
Building Details
  • Unit Count: 6
Unit 1
  • Lease: Monthly
  • Listing Key: FC71E85B61769497E053D501100AD02D
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 05-26-2023
  • Unit Monthly Rent: $950
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Lease Expires: 10-31-2023
  • Listing Key: FC71E85B61769497E053D501100AD02D
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 05-26-2023
  • Unit Monthly Rent: $1,200
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Monthly
  • Listing Key: FC71E85B61769497E053D501100AD02D
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 05-26-2023
  • Unit Monthly Rent: $925
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Monthly
  • Listing Key: FC71E85B61769497E053D501100AD02D
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 05-26-2023
  • Unit Monthly Rent: $850
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 5
  • Lease: Leased
  • Lease Expires: 06-01-2023
  • Listing Key: FC71E85B61769497E053D501100AD02D
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Modified Date: 05-26-2023
  • Unit Monthly Rent: $900
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 6
  • Lease: Monthly
  • Listing Key: FC71E85B61769497E053D501100AD02D
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 05-26-2023
  • Unit Monthly Rent: $850
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant

Property History for 179 Montauk Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 179 Montauk Avenue

Taxable ValueLand$48,090Additions$179,760Total$227,850
Tax Record2023$8,485 ($707 / month)
Home Facts
Baths8Total Finished SqFt4,360 SqFtAbove Grade Finished SqFt4,360 SqFtStories3Lot Size10,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1903CountyNEW LONDONAPNNLON M:E16 B:0098 L:0015

Schools near 179 Montauk Avenue

This home is within New London School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
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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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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Realty, Scott Pellerin

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.