205 Shaw Street
$549,900
8
4
2,400
2,400
$229
Description
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...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!
- Listed by Micah Bailey • Alpha Capital Realty, LLCP: (305)-951-9865 C: (305)-951-9865 micah@alphacapitalfunds.com
Property Details for 205 Shaw Street
Basement Description
Full, Apartment
Direct WaterfrontNo
Garages Number0
NeighborhoodN/A
StyleUnits on different Floors
Garage Parking InfoNone
Swimming PoolNo
LISTING UPDATED: 12/11/2024 02:58 AM
Property Details for 205 Shaw Street
Status | Active |
---|---|
MLS # | 24063083 |
Days on Market | 11 |
Taxes | $4,362 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / 4 Family |
Year Built | 1900 |
Lot Size | 0.15 AC / 6,534 SF |
County | New London County |
Building Information for 205 Shaw Street
Stories-Residences4Year Built1900Building Size-Lot Size0.15 AC / 6,534 SF
Property Information for 205 Shaw Street
Property History for 205 Shaw Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 205 Shaw Street
Taxable ValueLand$32,690Additions$80,010Total$112,700
Tax Record2023$4,197 ($350 / month)
Home Facts
Baths4.5Total Finished SqFt2,400 SqFtAbove Grade Finished SqFt2,400 SqFtStories2Lot Size6,612 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyNEW LONDONAPNNLON M:F16 B:0092 L:0010
Schools near 205 Shaw Street
This home is within New London School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Harbor School PublicK to 5 | ||
Bennie Dover Jackson Middle School Public6 to 8 | ||
New London High School Public9 to 12 | ||
C.B. Jennings International Elementary Magnet PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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