11 Colver Street
New London, Connecticut

Description:

Rare opportunity to own a fully rented side-by-side duplex in New London, offering immediate rental income from day one. Built in 1917, this 2,132-square-foot property features 12 total rooms, with three bedrooms and one full bath in each unit, for a combined six bedrooms and two full baths. Both units include a kitchen, dining room, living room and private laundry hookups in the lower level, along with an additional finished basement room. The month-to-month tenants currently pay $1,553 per month for Unit 1 and $1,543 per month for Unit 2, providing a combined monthly rental income of $3,096. Classic period details include hardwood flooring, a slate roof, an enclosed rear porch, and an open front porch. A detached three-car garage is a standout feature for a multifamily property in this area, offering valuable parking, storage, or potential additional income. Set on a manageable 0.14-acre level lot, the property is heated by natural gas and connected to public water and sewer. Conveniently located near local schools, shopping, dining, transportation, and downtown New London, this property is an excellent opportunity for an investor seeking a cash-flowing addition to their portfolio or an owner-occupant looking to offset their mortgage with rental income.

Listing Courtesy of KW Legacy Partners