$920,000
$950,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
6,500 SqFt
SOLD DATE : 07/11/2022
Key Details
Sold Price $920,000
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Sold
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $141
MLS Listing ID 170484554
Sold Date 07/11/22
Style Other
Year Built 1948
Annual Tax Amount $11,622
Lot Size 2.270 Acres
Property Description
AMAZING CASH FLOW 10 FAMILY RIGHT BY BEACH! This unique multifamily property is located right near the center of Niantic and walking distance to McCooks Beach! There are 6 picturesque cottages, a pair of duplexes, and a multi car garage on the 2+ acre lot. This property is easily accessible with dual points of entry and a circular driveway. Private parking spaces for each cottage, and duplexes have their own assigned parking. MANY UPDATES WERE DONE TO THIS PROPERTY- NEW ROOFS ON 4 COTTAGES, COMPLETELY UPDATED COTTAGE #4, SEPTIC SYSTEMS WERE INSPECTED AND FIXES COMPLETED, UPDATED SUPPORT TO MULTIFAMILY #1. This property is fully rented, mostly to long term tenants, and those month-to-month leases are under market value.
Location
State CT
County New London
Zoning R40
Rooms
Basement Full With Hatchway
Interior
Heating Baseboard, Other
Cooling Ceiling Fans, Wall Unit
Exterior
Exterior Feature Garden Area
Garage Detached Garage, Off Street Parking
Garage Spaces 14.0
Waterfront Description Beach,Walk to Water
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete, Slab
Sewer Septic, Shared Septic
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Bought with Adam Velez • eXp Realty
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Broker | REB.0791464