CCertihomes
837 Bank, New London, CT 06320

$549,000

7 beds 4 baths Built 1893Active

About this home

Amazing investment opportunity in New London! Centrally located, this four unit multi-family is a prime investment with monthly income exceeding $5, 000. Recently refreshed units feature new flooring, vanities, countertops, fixtures, and appliances. Unit 4 stands out with a spacious attic expansion, adding two bedrooms with partial water views. Don't miss out on this lucrative opportunity in a desirable location. Schedule a viewing today!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$5,255/mo

Real estate (PITI + HOA + PMI)
$4,606
Principal + interest$3,540
Property tax + insurance$860
PMI / 2nd mortgage$206
Utilities
$1,258
Heating + cooling$472
Internet + TV + phone$148
Water + sewer + garbage$58
Transportation
$127
Car insurance + maintenance$127
Other (entertainment)
$148
$5,255/mo TLC
Budget$5,755/mo
Remaining after TLC$500/mo
Purchase price
$549,000
Down payment
$27,450 (5%)
Loan amount
$521,550
APR
7.2%

Quick facts

Type
Rental
Style
Year built
1893
Lot size
0.11 ac
Stories
3
Heating
Electric, Baseboard
Cooling
None
Water
Connected, Municipal
HOA
Annual tax
$3,636
MLS #
1356378
County
New London

At a glance

Basement

Home features

Appliances
Electric Water Heater
Interior
StairsWalls: PlasterPlumbing: MixedInsulation: Unknown
Parking
No Garage
Fireplace
None
Flooring
Laminate
Sewer
Connected, Public Sewer

Lot features

Sidewalks

Neighborhood — 06320

MetricThis ZIPCountyUSA
Population30,2973,551,413299,088,112
Population Change Since19900.00%8.00%20.00%
Population Density4,096714
Male14,8331,724,865147,432,321
Female15,4631,826,548151,655,844
Never Married9,205780,61663,775,926
Married8,2711,492,254123,120,365
Separated2,623134,77712,639,686
Widowed1,755198,34115,467,586
Divorced3,134264,79123,075,029
Number Of House Hold12,1421,343,258111,826,380
Average House Hold Size2.242.562.60
Medial Age32.8538.2135.46
Median House Hold Income$40,382$61,863$48,276
Average House Hold Income$53,055$84,128$63,629
P C I$22,625$32,805$24,529
M D I$35,228$51,230$41,133
A T H E$45,237$61,764$50,898
S T R6.00%6.00%
W C J82.32%81.69%77.74%
(Zip) Code
6320

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 4/9/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.

837 Bank · New London — $549,000 · Certihomes