205 Crystal Avenue
New London, Connecticut

Description:

Investors, take notice! Your next renovation, BRRRR, house-hack, or long-term hold could be waiting at 205 Crystal Ave, New London. This three-family offers tremendous value-add potential with 6 bedrooms, 3 full baths, well over 2,200 square feet of living space, and the potential for even more. Featuring large units, hardwood floors throughout, solid bones, natural gas, and both on-street and off-street parking, this property provides an excellent foundation for your next investment. The right renovation could unlock strong after-repair value, increase rental income, and build long-term equity. Conveniently located near the U.S. Coast Guard Academy, Connecticut College, Electric Boat, and the U.S. Submarine Base, it's well-positioned to attract long-term tenants. Based on your renovation plan and rental strategy, this is a property investor should seriously entertain, with the potential to produce double-digit returns and, if renovation costs, financing, operating expenses, and rental income align as projected, the possibility of achieving a 10-12% cap rate. Bring your vision and bring 205 Crystal Ave. back to life.

Listing Courtesy of Real Broker CT, LLC