NOT LISTED FOR SALE

31 & 25 Franklin St New London, CT 06320

Coit Neighborhood
-- Bed
-- Bath
5,080 Sq Ft
0.31 Acres

Last Sold October 17, 2023

Last sale price $645,000 $127 Per Sq Ft

7 Days on Market

Highlights

  • 0.31 Acre Lot
  • Attic
  • No HOA
  • Property is near public transit
  • Corner Lot
  • 3-minute walk to Riverside Park Conservancy

About This Home

As of October 2023

This large Multi-Family property on a corner lot, awaits to be added to your investment portfolio before the new year! Within walking distance to downtown, these two buildings share one lot! Five units are occupied with long term tenants, and there are three units that need to be renovated. Below market rents but lots of potential! Large barn in back (entrance on Cottage St) has been torn down. The 5 Unit building has Solar panels to assist with energy costs, which also has newer vinyl siding. The basement apartment is in need of renovation. Tenants would like to stay, however the tenant in building 25 Unit 1 is vacating. This unit has 3 bedrooms 2 full baths, the second and third floor units in building 25 are fully gutted and needs renovations. Buyer to do own due diligence. Please do not disturb the tenants or walk the property without an appointment on Sundays and Thursdays only. Estate Sale, probate approval not needed, selling As-Is.

Last Listed By

Kiki Sydnor

RE/MAX One License #RES.0802743 Listed on: 09/01/2023

RE/MAX One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,522

Year Built

  • Built in 1890

Lot Details

  • 0.31 Acre Lot
  • Corner Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Clap Board Siding
  • Vinyl Siding

Interior Spaces

  • 5,080 Sq Ft Home
  • Attic or Crawl Hatchway Insulated

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Apartment Living Space in Basement
  • Basement Storage

Utilities

  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Porch
  • Property is near public transit

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Additional Features

  • Public Transportation
  • Gross Income $49,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,522

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 5080
  • Total Sq Ft: 5080
  • Year Built: 1890
  • Nearby Amenities: Library, Medical Facilities, Park, Public Transportation
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: Corner of Cottage and Franklin St.
  • Special Features: None

Interior Features

  • Attic Description: Access Via Hatch
  • Basement Description: Full With Walk-Out, Apartment, Liveable Space, Storage
  • Attic: Yes
  • Street Number Modifier: 31 & 25

Exterior Features

  • Exterior Features: Porch, Sidewalk
  • Exterior Siding: Clapboard, Vinyl Siding, Wood
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: On Street Parking

Utilities

  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.3100
  • Lot Description: Corner Lot, Level Lot
  • Zoning: R-3

Multi Family

  • Gross Annual Income: 49500
  • Net Operating Income: 42500
  • Total Num Of Units: 8

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 8522
  • Total Assessed Value: 228830
  • Mil Rate Base: 37.240
  • Mil Rate Total: 37.240
  • Assessor Parcel Number: 2000308

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2023 10/17/23 Sold $645,000 -4.4% $127 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
09/01/2023 09/01/23 For Sale $675,000 -- $133 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kiki Sydnor

    Seller's Agent in 2023

    Kiki Sydnor

    RE/MAX

    (860) 857-6912

    1 in this area

    110 Total Sales

    Kiki Sydnor
    Section Image
  • Michelle Pivin

    Buyer's Agent in 2023

    Michelle Pivin

    Kazantzis Real Estate, LLC

    (860) 836-7159

    1 in this area

    26 Total Sales

    Michelle Pivin
    Section Image
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Map

Source: SmartMLS

MLS Number: 170595223

SmartMLS

Connecticut New London County New London 06320 Coit

31 & 25 Franklin St, New London, CT

Homes for Sale in New London, CT

This home is located at 31 & 25 Franklin St, New London, CT 06320 since 01 September 2023. This property was built in 1890. 31 & 25 Franklin St is a home located in New London County with nearby schools including Harbor Elementary School, Bennie Dover Jackson Middle School, and New London High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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