$750,000
$799,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
6 Baths
7,500 SqFt
SOLD DATE : 08/19/2021
Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Sold
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $100
MLS Listing ID 170405965
Sold Date 08/19/21
Bedrooms 8
Full Baths 6
Year Built 1948
Annual Tax Amount $8,498
Lot Size 2.270 Acres
Property Description
Very rare opportunity to own an incredibly profitable property located just minutes from the beach! Located in Niantic CT, this unique lot includes two duplex's and 6 year round cottages. The possibilities are endless... 10 units. Fully rented at below market rents for the area. Raise rents or turn cottages into weekly rentals. These units can easily be converted into Airbnb/weekly rentals to turn this property into a high cash flow investment. Hire a property manager and still make a very high return on investment. Finding a property with this many units, all on the same lot, and near the beaches of Niantic is very difficult.
Location
State CT
County New London
Zoning R40
Rooms
Basement None
Interior
Heating Baseboard, Other
Cooling Ceiling Fans, Window Unit
Exterior
Garage Detached Garage
Garage Spaces 1.0
Waterfront Description Beach,Beach Rights,Walk to Water
Roof Type Asphalt Shingle
Building
Foundation Concrete, Slab
Sewer Septic, Shared Septic
Water Public Water Connected
Schools
Elementary Schools Niantic Center
High Schools East Lyme
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Bought with Lea Trueblood • William Raveis Real Estate
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Broker | REB.0791464