20 Tilley Street, New London CT 06320

Legal boarding house with nine guest rooms and one fully furnished apartment. Currently rented as medium term housing with a 30 day minimum. Access to fully equipped kitchen, dining room, parlor and sitting room. Shared bathrooms are in the hallway. 2-Story building: 6,610 SF with full basement. Room rates vary from $800 to over $2,000 per month in high season. Gross annual income approximately $120,000 and NOI of $74,000. 7 CAP. Just steps from restaurants, galleries, waterfront park, ferries and train station in New Londons downtown historic district. Please also see MLS #170620574.