65 Shaw Street

About Property

Investors, don't miss this solid value-add opportunity in New London! Located at 65 Shaw Street, this 5-unit multifamily property consists of two buildings: a 3,125 square foot, 4-unit main building and a separate 432 square foot studio unit, which is residential but is also zoned commercial, offering additional potential. The asset performs at a 7.79 cap with no vacancy, with strong upside to run at a 9.03 cap fully stabilized. You will have a mix of 2 bedrooms, 1 bedrooms and a studio unit. Two units have been fully renovated, one partially renovated, and two are ready for updates, creating a fantastic opportunity for any value-add investor. Situated in an area with strong rental demand and steady job growth, this property is perfect for expanding your portfolio.
Listed by Alpha Capital Realty, LLC, Micah Bailey. Data sourced from SmartMLS