Welcome to 42 Spring Street, a turnkey two-family home and strong income-producing opportunity. Whether you rent both units or live in one and rent the other, this property offers real income and long-term value. The detached garage has its own electric meter and can be rented separately, providing an additional income source. Very well maintained and filled with natural light, this home is truly move-in ready. Unit 1 (first floor) offers a bright one-bedroom layout with a spacious eat-in kitchen, a comfortable living room, and an updated kitchen and bath. Unit 2 combines the second and third floors and features three spacious bedrooms with good closet space, a large eat-in kitchen, and a full bath. The upper unit includes kitchen upgrades and generous living space. Each unit has its own gas and electric meters, with gas heat and hot water serving each unit independently. Updates include a roof approximately 8 years old, updated windows and siding, and LED lighting throughout both units, inside and outside. The basement is clean, well maintained, and uncluttered. Enjoy a welcoming front porch, perfect for sitting and relaxing, plus a partially fenced backyard ideal for outdoor enjoyment. Conveniently located near Electric Boat, the Coast Guard Academy, Connecticut College, Pfizer, the train station, and the beach. An excellent opportunity for owner-occupants or investors.
Investor or Owner Occupied! Well-maintained four-family property located near Ocean Beach Park and Harkness Memorial State Park. Property includes four units, with recent updates throughout. Unit 3 is currently being renovated with a brand new kitchen, including new flooring, cabinets, and appliances. Unit 1 has a new water heater. NEW ROOF. Vinyl Windows. Separate electric. 3 of the units are tenant-occupied with good paying tenants. This property offers potential for owner-occupants or investors. Conveniently located near parks, shoreline, and area amenities.
Investors !! Two-family property: 3 bedrooms in each unit and 4 rooms on 3rd floor not currently being used. A 2 Car Detached Garage for additional income, currently rented at $300/m. Recent updates include a NEW roof, NEW siding, and some updated windows. The home features a full-sized attic with potential for additional space. Both units offer spacious layouts. Convenient location near highway, local amenities, transportation, and downtown New London.
Attention Investors !! Don't miss this opportunity to own a well-maintained three-family property in the heart of New London with easy access to I-95. Major updates include a roof just 6 years old, newer windows, vinyl siding, and a brand-new baseboard heating and hot water system installed in 2024. The 1st and 2nd floor units currently offer one bedroom with the potential to convert back to two, while the 3rd floor offers two bedrooms, creating upside for increased rental income. The walk-up attic provides additional value-add potential for future expansion. Separate utilities, gas heat, and new refrigerators on the 2nd and 3rd floors add convenience and appeal. Schedule your private tour today and secure this income-producing asset!
Turnkey Investment Opportunity. Here is a Fully Renovated Three-Family turn-key triple-income asset in a bustling and high growth area with thriving local commerce. This property has been completely reimagined with quality updates and finishes, offering a seamless blend of income and nothing further to do with long-term financial stability. Renovations include Brand New Kitchens & Baths, Updated Mechanicals across all three units with plenty of off-street parking and laundry facilities on premise. This investment is optimized for favorable market rents with separate utilities to keep overhead low. Low Maintenance because it's been modernized from top to bottom, minimizing future capital expenditures. Prime Location, Minutes from Electric Boat Sub Base and other major employers to ensure it will always be occupied. This location is also convenient to Great Restaurants, Shops, Theater, Library, Music Venues, Fitness Training, Health Care and Much More. Step into this immediate Cash Flow Opportunity.
Unlock the potential of this exceptional 3-condo investment opportunity (3 out of 4 condos in the building - the fourth unit is not for sale), featuring a 2-bedroom, 1-bedroom (with potential to convert to 2), and a 3-bedroom condo - all within the same well-maintained building! Each unit offers modern updates, exposed brick charm, and spacious layouts, making them ideal for owner-occupants, long-term rentals, or short-term investment strategies. A two-car garage, along with additional off-street parking in the lot conveniently located across the street, provides ample parking - a rare advantage for in-town living. Just a short walk to nearby shops, restaurants, and local amenities, the property is perfectly situated for lifestyle convenience and tenant appeal. Whether you're looking to expand your portfolio or secure a multi-unit property in a desirable location, this is a rare chance to invest in three turnkey units with strong income potential. Don't miss out on this versatile opportunity!
New London is located in Connecticut. New London, Connecticut has a population of 27,585. New London is less family-centric than the surrounding county with 24.13% of the households containing married families with children. The county average for households married with children is 27.48%.
The median household income in New London, Connecticut is $50,819. The median household income for the surrounding county is $79,040 compared to the national median of $69,021. The median age of people living in New London is 32.8 years.
The average high temperature in July is 80.7 degrees, with an average low temperature in January of 21 degrees. The average rainfall is approximately 50.1 inches per year, with 25.7 inches of snow per year.
