837 Bank Street

New London, CT 06320

$549,000
Price
7
Beds
4
Baths
2,478 Sq. Ft.
$222 / Sq. Ft.
2,478
Sq. Ft.
$222
per Sq. Ft.

Description

Amazing investment opportunity in New London! Centrally located, this four unit multi-family is a prime investment with monthly income exceeding $5,000. Recently refreshed units feature new flooring, vanities, countertops, fixtures, and appliances. Unit 4 stands out with a spacious attic expansion, adding two bedrooms with partial water views. Don't miss out on this lucrative opportunity in a desirable location. Schedule a viewing today!Amazing investment opportunity in New London! Centrally located, this four unit multi-family is a prime investment with monthly income exceeding $5,000. Recently refreshed units feature new flooring, vanities, countertops, fixtures, and appliances. Unit 4 stands out with a spacious attic expansion, adding two bedrooms with partial water views. Don't miss out on this lucrative opportunity in a desirable location. Schedule a viewing today!

Listing Agent

Property Details for 837 Bank Street

Basement Description
Full, Unfinished
Direct Waterfront
No
Garages Number
0
Neighborhood
N/A
Style
4updown - Unit(s) per Floor
Garage Parking Info
None
Swimming Pool
No

Location

Add your commute
LISTING UPDATED: 04/10/2024 07:49 PM

Property Details for 837 Bank Street

StatusActive
MLS #24009159
Days on Market20
Taxes$3,636 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 4 Family
Year Built1893
Lot Size0.11 AC / 4,791 SF
CountyNew London County

Location

Add your commute

Building Information for 837 Bank Street

Stories-Residences4Year Built1893Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$3,299 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,996

Property Taxes

$303

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 837 Bank Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: No driveway, park on Jefferson Ave
  • Elementary School: Per Board of Ed
  • High School: New London
  • Latitude: 41.348513
  • Longitude: -72.107887
  • State: Connecticut
Parking
  • Parking Total Spaces: 0
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2023-June 2024
  • Property Tax: $3,636
Interior and Exterior Features
Exterior Features
  • Waterfront Description: View
Interior Features
  • Attic Description: Walk-up
  • Cooling System: None
  • Heat Type: Baseboard
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Laundry Room Info: Basement Hook-Up(s)
  • Rooms Total: 14
Property
Property and Assessments
  • Construction Description: Frame, Other
  • Exterior Siding: Aluminum
  • Foundation Type: Stone
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1893
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Sq Ft Description: Attic space finished out with 2 additional bedrooms. New square footage is approximate.
  • Living Area SQFT Per Public Records: 2478
Lot Information
  • Lot Description: City Views, Water View
  • Parcel Number: 1999476
  • Sq Ft Est Heated Above Grade: 2478.0
  • Sq Ft Total: 2478.0
  • Zoning: C-1
Utilities
  • Heat Fuel Type: Electric
  • Hot Water Description: Other
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Income: 61572
  • Total Number of Units: 4
Unit 1
  • Listing Key: 15ABEEF52C253B91E063D501100AF736
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 04-10-2024
  • Unit Monthly Rent: $850
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
Unit 2
  • Listing Key: 15ABEEF52C253B91E063D501100AF736
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 04-10-2024
  • Unit Monthly Rent: $2,094
  • Unit Num Bedrms: 4
  • Unit Num Rooms: 5
Unit 3
  • Listing Key: 15ABEEF52C253B91E063D501100AF736
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 04-10-2024
  • Unit Monthly Rent: $1,122
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
Unit 4
  • Listing Key: 15ABEEF52C253B91E063D501100AF736
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 04-10-2024
  • Unit Monthly Rent: $1,065
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3

Property History for 837 Bank 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 837 Bank Street

Taxable ValueLand$24,570Additions$73,080Total$97,650
Tax Record2023$3,636 ($303 / month)
Home Facts
Baths4Total Finished SqFt2,478 SqFtAbove Grade Finished SqFt2,478 SqFtStories2Lot Size4,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1893CountyNEW LONDONAPNNLON M:E14 B:0125 L:0011

Schools near 837 Bank 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.

Similar Homes

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837 Bank Street is a multi-family home for sale in New London, CT 06320. This property was listed for sale on April 9, 2024 by Compass, it's currently listed at $549,000. It has been on the market for a total of 20 days and was last sold on October 15, 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. 837 Bank Street is a 7-bed, 4-bath, 2,478 sqft multi-family home built in 1893.

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.

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.