61 Franklin Street

New London, CT 06320

$160,000
Last Sold Price
4
Beds
4
Baths
2,340 Sq. Ft.
$68 / Sq. Ft.
2,340
Sq. Ft.
$68
per Sq. Ft.

Description

Four units are waiting for a new owner that can appreciate this investment opportunity. There is a nice parking area at rear of property to accommodate at least four cars after some clearing. The exterior will need some fix ups and paint. Roof is about 12 years old. Mandatory fire escape stairs is all steel. Heating is combination of baseboard hot water on 1st floor and space heaters on 2nd and 3rd floors. Gas hot water heaters and 100 amp circuit breaker panel are in the basement. Currently there...Four units are waiting for a new owner that can appreciate this investment opportunity. There is a nice parking area at rear of property to accommodate at least four cars after some clearing. The exterior will need some fix ups and paint. Roof is about 12 years old. Mandatory fire escape stairs is all steel. Heating is combination of baseboard hot water on 1st floor and space heaters on 2nd and 3rd floors. Gas hot water heaters and 100 amp circuit breaker panel are in the basement. Currently there is only one electric meter and electric is included in the tenant rents. This is a great chance to take over a multi family property in walking distance to downtown New London. Selling AS-IS. Note: lead base paint must be immediately remedied by a new owner. First showings evening of May 31.
  1. Listed by David Patton • William Raveis Real Estate
    P: (860) 625-5695 C: (860) 6255695 david.patton@raveis.com

Property Details for 61 Franklin Street

Basement Description
Full
Direct Waterfront
No
Garages Number
0
Neighborhood
N/A
Style
4updown - Unit(s) per Floor
Garage Parking Info
Off Street Parking
Swimming Pool
No

Location

Listing Courtesy of William Raveis Real Estate, David Patton

Sold By William Raveis Real Estate, John Troland Jr.

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LISTING UPDATED: 06/28/2023 09:58 AM

Property Details for 61 Franklin Street

StatusClosed
MLS #170546691
Days on Market25
Taxes$3,355 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 4 Family
Year Built1900
Lot Size0.13 AC / 5,662 SF
CountyNew London County

Location

Listing Courtesy of William Raveis Real Estate, David Patton

Sold By William Raveis Real Estate, John Troland Jr.

Add your commute

Building Information for 61 Franklin Street

Stories-Residences4Year Built1900Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$1,153 per month

30 year fixed, 7.25% Interest

Principal and Interest

$873

Property Taxes

$280

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 61 Franklin Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: between Hempstead and Jay
  • Elementary School: C. B. Jennings
  • Flood Zone: No
  • High School: New London
  • Latitude: 41.355576
  • Longitude: -72.102398
  • Middle Jr High School: Dover Jackson
  • Neighborhood Amenities: Basketball Court, Library, Medical Facilities, Park, Public Transportation, Shopping/Mall, Tennis Courts
  • State: Connecticut
Parking
  • Parking Total Spaces: 4
HOA and Fees
  • Home Owner's Assocation: No
  • Property Tax: $3,355
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Baseboard, Space Heater
  • Attic YN: No
  • Fireplaces Total: 0
  • Laundry Room Info: None
  • Laundry Room Location: none
  • Rooms Total: 1
Property
Property and Assessments
  • Color: brown
  • Construction Description: Frame
  • Driveway Type: Private, Shared
  • Elevation Certificate: No
  • Exterior Siding: Shingle, Asbestos
  • Foundation Type: Stone
  • Fuel Tank Location: Non Applicable
  • Gross SQFT Per Public Records: 3840
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Sq Ft Est Heated Below Grade: 0
  • Living Area SQFT Per Public Records: 2340
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 2001170
  • Sq Ft Est Heated Above Grade: 2340.0
  • Sq Ft Total: 2340.0
  • Zoning: r3
Utilities
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 30 Gallon Tank, 40 Gallon Tank
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 4
  • Total Rooms Multi Family: 1
Building Details
  • Unit Count: 4
Unit 1
  • Lease: Monthly
  • Listing Key: F31A29F582490F0BE053D501100A5D2E
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 05-26-2023
  • Unit Monthly Rent: $700
  • Unit Num Bedrms: 1
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Lease Expires: 10-01-2023
  • Listing Key: F31A29F582490F0BE053D501100A5D2E
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 01-25-2023
  • Unit Monthly Rent: $745
  • Unit Num Bedrms: 1
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Monthly
  • Listing Key: F31A29F582490F0BE053D501100A5D2E
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 01-25-2023
  • Unit Num Rooms: 1
  • Unit Occupied By: Vacant
Unit 4
  • Lease: Leased
  • Listing Key: F31A29F582490F0BE053D501100A5D2E
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 06-17-2023
  • Unit Monthly Rent: $845
  • Unit Num Bedrms: 2
  • Unit Occupied By: Vacant

Property History for 61 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 61 Franklin Street

Taxable ValueLand$13,650Additions$76,440Total$90,090
Tax Record2023$3,355 ($280 / month)
Home Facts
Baths4Total Finished SqFt2,340 SqFtAbove Grade Finished SqFt2,340 SqFtStories2Lot Size5,646 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyNEW LONDONAPNNLON M:F12 B:0173 L:0020

Schools near 61 Franklin Street

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.

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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 William Raveis Real Estate, David Patton

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.