15 Chester Street

New London County, located in southeastern Connecticut, is a region rich in history and diversity. It's county seat is New London, a historic city known for its maritime heritage and vibrant cultural scene. The county’s landscape features a mix of urban, suburban, and rural areas, including picturesque coastal towns and scenic waterfronts along Long Island Sound. Economically, New London County benefits from a diverse base, with key sectors including healthcare, education, manufacturing, and tourism. The presence of major institutions such as the U.S. Coast Guard Academy and Electric Boat contributes significantly to the local economy. The county also enjoys a strong connection to the maritime industry, with several ports and a history of shipbuilding. The area is known for its historical sites, such as the Mystic Seaport and the Nautilus Museum, which attract tourists and provide insight into the region’s past. With a blend of historical charm, natural beauty, and economic vitality, New London County offers a unique living experience and a rich cultural landscape.Northeast Private Client Group is pleased to present 15 Chester Street an 8 unit multifamily portfolio spread across two buildings located at 15 Chester Street in New London, New London’s strategic location around near major and growing employers and access to transportation and transit has made it an attractive spot for investors looking to capitalize. As a result, multifamily properties in New London are seeing rising interest and investment from both institutional and individual investors. By bringing rents up to market rates, the new owner can immediately boost rental income by $19,000 annually. Additionally, through targeted renovations—such as upgrading kitchens, bathrooms, and common areas—the owner can further increase rents, unlocking additional revenue potential. These improvements not only attract higher-paying tenants but also improve tenant retention and reduce vacancies, leading to a more stable cash flow. The combination of immediate rent increases and the ability to enhance the property’s appeal through renovations makes this a highly attractive investment, with the potential for both short-term income growth and long-term appreciation.