119 Lincoln Avenue,New London, CT 06320
New London, CT 06320
Description
What if your next investment started generating income on day one? Welcome to 119-121 Lincoln Avenue, a turnkey six-unit property offering immediate income without the burden of renovations or establishing occupancy. All six one-bedroom units have been renovated and are fully occupied, allowing the next owner to step into an established, income-producing asset from day one. Each unit includes a dedicated off-street parking space, while tenants also enjoy access to a shared deck and spacious backyard. Conveniently located near Electric Boat, the Naval Submarine Base, casinos, hospitals, and other major regional employers, the property is well positioned within New London's growing rental market. The work has been completed, the tenants are in place, and the income is already flowing. Current gross annual income and operating expenses are available upon request. Six renovated units. One turnkey investment. A compelling opportunity in thriving New London, Connecticut.
Details
| MLS # | 24203018 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract - Continue To Show |
| Year | 1975 |
| Days On Site | 33 |
| Listing Provided By | CENTURY 21 Shutters & Sails | Valerie Levin |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 4,134 |
| Units | 6 |
| Zoning | R-2 |
| Acreage | 0.30 |
Interior
| Total Rooms | 18 |
|---|---|
| Cooling System | Window Unit |
| Fireplaces Total | 0 |
| Laundry Room Info | None |
Exterior
| Exterior Features | Deck, Lighting |
|---|---|
| Roof Information | Asphalt Shingle |
| Foundation Type | Concrete, Slab |
Parking
| Garage & Parking | Off Street Parking |
|---|---|
| Parking Total Spaces | 6 |
Utilities
| Sewage System | Public Sewer Connected |
|---|
Taxes
| Tax Year | July 2026-June 2027 |
|---|---|
| Property Tax | 7593 |
Area Information
| State | CT |
|---|---|
| County | New London |
| City | New London |
| Zip Code | 06320 |
| Area | N | A |
| School District | Per Board of Ed |
| Elementary School | Per Board of Ed |
| High School | New London |
| Listing VS Median (in 06320) | |
Price: $949,900 low | high Med: $180,450 sqft: 4,134 low | high Med: 886 $ / sqft: $230 low | high Med: $211 On site: 33 low | high Med: 10.5 | |
Market Activity 06320
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Learn More About This Property
| State | CT |
|---|---|
| County | New London |
| City | New London |
| Zip Code | 06320 |
| Area | N | A |
| School District | Per Board of Ed |
| Elementary School | Per Board of Ed |
| High School | New London |
| Listing VS Median (in 06320) | |
Price: $949,900 low | high Med: $180,450 sqft: 4,134 low | high Med: 886 $ / sqft: $230 low | high Med: $211 On site: 33 low | high Med: 10.5 | |
