Price Reduced 22.73%

$850,000 ($208.54 per sqft)

Est. Mortgage $4,467/mo *

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Price History

$1,100,000
2/1/2024

$999,000
2/14/2024

$950,000
3/28/2024

$850,000
4/26/2024

20 Tilley Street, New London, CT, 06320

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19 rooms

10 beds

3 Full / 1 Half baths

1873

Units on different Floors

4,076 sqft

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 #170620574.

Status:

Active

Type:

Multi-family

Units:

Zoning:

R-3

Heating:

Steam

Cooling:

None

Basement:

Full

Acreage:

0.14

Est. Taxes:

$7,686

Assessment

$200,000

Lot Description:

Level Lot

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

120

MLS #:

170622291

Community Info

School Info

Walk Score

Mass Transit

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Kelly Whiteman - The Whiteman Team

$850,000 ($208.54 per sqft)

Price History

20 Tilley Street, New London, CT, 06320

Community Info

School Info

Walk Score

Mass Transit

Yelp

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