Courtesy of: Jason Pollard, Compass Connecticut, LLC, jason.pollard@compass.com
Courtesy of: Jason Pollard, Compass Connecticut, LLC, jason.pollard@compass.com
$899,000
|
5.00 Bath (4 Full , 1 Half)
|
|
Lot: 0.31 Acres
|
|
Other
|
$899,000
27 Broad Street Fully occupied mixed-use investment opportunity at 27 Broad Street in New London, CT. Five-unit Victorian brick building (c. 1900) generating $111, 281 in gross annual income with a stabilized in-place NOI of $70, 563 and a proforma NOI of $88, 233 at market rents - representing a 9.81% cap rate at the $899, 000 asking price. Ground floor is anchored by a long-term professional dental practice at $4, 423/month, supported by four residential units above - two 2BR/1BA and two 1BR/1BA - all occupied, all with heat and hot water owner-paid. Three of the four residential units have been remodeled, featuring LVP flooring, updated kitchens, and stainless appliances. Residential rents are below market, offering a clear value-add path at natural turnover without capital expenditure. Original architectural character is preserved throughout the entire building. Total operating expenses of $37, 808 annually (34% expense ratio). Owner financing considered. Full financial package available in MLS documents. Asking $899, 000. Buyers to conduct independent due diligence on all figures.
Courtesy of: Jason Pollard, Compass Connecticut, LLC, jason.pollard@compass.com
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.