Another Property Sold - 20 Tilley Street, New London, CT 06320

by Constance Howard 08/03/2024

20 Tilley Street, New London, CT 06320
CommercialSold
List Price $850,000
Sold Price $525,000
20 Tilley Street
New London, CT 06320
Courtesy of Us Properties
MLS: Smart MLS
0Beds
3Full1Half Baths
Est. Mortgage
$4,488/mo

This 1873 Victorian Guesthouse known as "The Port New London" includes 9 guest rooms and one furnished apartment. There are two shared bathrooms and one half bathroom for guests. The apartment has its own private bathroom and kitchen. Rooms are rented for a 30 day minimum stay. All guests have use of a fully equipped spacious kitchen, dining room, parlor and sitting room. The back yard has a picnic table and gas grill for guest's to use. Room rates vary during the season from $800 to $2,000 per month. Gross annual income is approximately $120,000, NOI is $74,000 (8 CAP). Booking is done through Airbnb.New London and does not require a license. Located in walking distance to New London waterfront, galleries, parks, restaurants, ferry and train station. All furniture to convey. Please also see MLS #170622291.

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Constance Howard

Hi, I'm Constance Howard and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you.