109 Montauk Ave, New London, CT 06320

Property Description

***Investor Special*** 2-Family Near Major Employers & Beaches! Opportunity knocks with this 2-family home ready for renovation and strong rental potential. Ideal for investors or contractors seeking a value-add multifamily property in a prime coastal Connecticut location. 1st Floor Unit (2 Bed / 1 Bath):Spacious layout featuring a large entry, living room, and formal dining room. Tall ceilings and abundant natural light create an open feel. Recently painted with new kitchen cabinets, countertops, and updated bathroom. Hardwood floors have been sanded and are ready for finishing. Kitchen flooring needs installation. 2nd Floor Unit:Fully gutted and ready for customization. Some sheetrock completed, with remaining walls open to studs. Kitchen and bathroom removed-bring your vision and design to maximize ARV and rental income. Both units feature steam heat with separate boilers. Prime location Close to local parks and big employers: less than a mile from Fort Trumbull State Park, 3 miles from Ocean Beach, 4 miles to Harkness Park, 6 miles from Electric Boat Groton, 11 miles to Mohegan Sun, 16 miles to Foxwoods, 8 miles to Pfizer Groton and less than a mile to Lawrence & Memorial Hospital. Strong upside potential for flip, BRRRR, or long-term rental portfolio addition. On street parking only! Cash or Hard Money, Sold as-is. Electric is on in second story and basement. no water or heat. Pipe burst in Basement seller plans to have fixed per disclosures.