20 Tilley Street, New London, CT 06320 (MLS # 170620574)

Price $850,000
Status Active
Size 4,076 sqft
Lot Size 6,099 sqft
Days on Market 102
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.
Property Type(s): Commercial
Last Updated 4/26/2024 Year Built 1873
County New London

Price History

Prior to Feb 14, '24 $1,100,000
Feb 14, '24 - Mar 28, '24 $999,000
Mar 28, '24 - Apr 26, '24 $950,000
Apr 26, '24 - Today $850,000

Additional Details

AIR None
HEAT Oil, Steam
LOT 6098 sq ft
LOT DESCRIPTION Level
SEWER Public Sewer
STORIES 2
TAXES 7686
WATER Public
ZONING R-3

Location

 

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