Multi-Family Property in a highly sought after year round beach community! Investors take note! Property Highlights: Prime Location: Walking distance to multiple public beaches, one of Connecticut's oldest bakeries, public boardwalks and parks, top-rated pizza shops, ice cream shops, restaurants and even a live theater making this a perfect location for renters and vacationers alike. 11 Units: The largest multi-family available for sale on the South Eastern CT Shoreline. 2.27 Acres: Room for expansion, additional amenities or boutique resort style development. Cash Flow & Appreciation: This property is located in a quickly appreciating classic New England coastal town with high long term, medium term and short term rental demand. Located close to Millstone, Electric Boat, Pfizer and Camp Nett demand is sure to stay high! Whether you are looking to develop a thriving Airbnb portfolio or capitalize on the high demand for long term rentals in this area this property is an great investment opportunity.
|
DAYS ON MARKET
|
75
|
LAST UPDATED
|
4/28/2025
|
|
YEAR BUILT
|
1950
|
COUNTY
|
New London
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
| Elementary School |
Lillie B. Haynes |
| High School |
East Lyme |
|
Prior to Mar 22, '25
|
$4,200,000
|
|
Mar 22, '25 - Apr 28, '25 |
$3,995,000
|
| Apr 28, '25 - Today |
$3,895,000 |
| AIR |
Window Unit(s) |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Frame, Vinyl Siding |
| HEAT |
Baseboard, Electric, Oil |
| LOT |
2.27 acre(s) |
| LOT DESCRIPTION |
Level |
| PARKING |
None |
| SEWER |
Septic Tank |
| STYLE |
Other |
| TAXES |
12908 |
| WATER |
Public |
| ZONING |
R40 |
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Listing courtesy of eXp Realty
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