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listing
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MultifamilyFor Sale
$524,900
205 Shaw Street
New London, CT 06320
Courtesy of Alpha Capital Realty, LLC
MLS: Smart MLS
9Beds
4Baths
2,400Sq Ft
Est. Mortgage
$2,809/mo

Attention investors! 205 Shaw Street is a value-add 4-family investment property offering immediate cash flow over an 8.2 cap with potential to stabilize over a 9.5 CAP. This prime value-add opportunity features full occupancy, with recent renovations in all four units. Basement unit and Unit 2 are completely renovated featuring brand-new vinyl flooring, stainless steel appliances, and modern finishes, appealing to today's renters. Located in a high-demand area with steady rent growth, it's just 3 miles from the Groton Submarine Base, local beaches, and universities, and only a 15-minute commute to Electric Boat. Situated one block from a brand-new luxury apartment complex, this property guarantees strong rental demand. Whether you're looking to build your portfolio or live mortgage-free with rental income covering your expenses, 205 Shaw Street is a rare opportunity to own an asset with strong upside in a thriving market.

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Information courtesy of Alpha Capital Realty, LLC is subject to verification and is not guaranteed. Listing Data Last Updated 04/26/2025 05:47 PM
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