205 Shaw StreetNew London, CT 06320
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Attention investors and owner-occupants! Welcome to 205 Shaw Street, a 4-family property offering immediate cash flow with an 8 CAP and potential to stabilize at an impressive 9.5 CAP. This prime value-add opportunity features three occupied units. All four units have been updated: Two units with partial upgrades (new flooring and bathroom updates) and two units with complete, beautiful renovations 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 a cash-flowing asset in a thriving market. This gem won't last-lock it in today!
| a week ago | Listing updated with changes from the MLS® | |
| 3 weeks ago | Listing first seen on site |
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