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147 Bank St 4 Unit Apartment Building $2,063,730 CAD ($515,933 CAD/Unit) 5.10% Cap Rate New London, CT 06320
Executive Summary
Fully Leased, Mixed Use Property located in the heart of downtown New London.
This 11,894 SF, 2 story building has a 3,193 SF commercial space on the 1st floor and 3 apartments on the 5,508 SF second floor. There is a 3,193 SF basement.
The apartments have high ceilings, large windows and beautiful views of the Thames River. Building was fully renovated in 2017.
NOI approximately $76,536. Call office for financials.
Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 153 Bank Street for a total of 6 commercial units and 17 Apartments.
This 11,894 SF, 2 story building has a 3,193 SF commercial space on the 1st floor and 3 apartments on the 5,508 SF second floor. There is a 3,193 SF basement.
The apartments have high ceilings, large windows and beautiful views of the Thames River. Building was fully renovated in 2017.
NOI approximately $76,536. Call office for financials.
Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 153 Bank Street for a total of 6 commercial units and 17 Apartments.
Property Facts
| Price | $2,063,730 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $515,933 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.10% | Building Size | 7,800 SF |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | CBD-1 - Central Business District | ||
| Price | $2,063,730 CAD |
| Price Per Unit | $515,933 CAD |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 7,800 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | CBD-1 - Central Business District |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | NLON-000028-000140-000015 | Improvements Assessment | $539,184 CAD |
| Land Assessment | $108,552 CAD | Total Assessment | $647,736 CAD |
Property Taxes
Parcel Number
NLON-000028-000140-000015
Land Assessment
$108,552 CAD
Improvements Assessment
$539,184 CAD
Total Assessment
$647,736 CAD
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147 Bank St
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