Welcome to this unique investment opportunity featuring two separate homes on a single lot, offering a total of FIVE units all fully occupied bringing in a total of $14,500 monthly. This property offers a large off street parking lot in the very desired neighborhood of Mystic. Just a four minute walk to downtown! The two units in the rear have been completely reconstructed with modern finishes and quality craftsmanship throughout. Each unit offers 2 spacious bedrooms, custom closets throughout, stunning bathrooms, and contemporary open-concept living areas. Everything is brand new-from the flooring, walls, electrical, plumbing, Anderson windows, spray foam insulation, AZEK exterior trim, roof, vinyl shake siding and fixtures to the kitchens and bathrooms. The front building showcases its historic charm while offering three well-maintained units. Unit one has two beds, one bath. Unit two has three beds, one bath with a private balcony over looking the street. Unit three has two beds, one bath. Each unit provides its own unique appeal, combining comfort and character. Whether you're looking to expand your real estate portfolio or occupy one unit and rent out the rest, this property offers versatility and income-generating potential in one of the area's most desirable neighborhoods.
|
DAYS ON MARKET
|
152
|
LAST UPDATED
|
7/13/2025
|
|
YEAR BUILT
|
1890
|
COUNTY
|
New London
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
| Elementary School |
Per Board of Ed |
| High School |
Per Board of Ed |
|
Prior to May 24, '25
|
$2,990,000
|
|
May 24, '25 - Jun 23, '25 |
$2,980,000
|
|
Jun 23, '25 - Jul 13, '25 |
$2,970,000
|
| Jul 13, '25 - Today |
$2,750,000 |
| AIR |
Heat Pump, Wall Unit(s) |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Frame, Shake Siding, Vinyl Siding |
| HEAT |
Electric, Forced Air, Oil, Steam, Zoned |
| LOT |
0.34 acre(s) |
| PARKING |
None |
| SEWER |
Public Sewer |
| STYLE |
3updown - Unit(s) per Floor, Units are Side-by-Side |
| TAXES |
19167 |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City |
| WATER |
Public |
| ZONING |
RH-10 |
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Listing courtesy of RE/MAX One
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This IDX solution is (c) Diverse Solutions 2025.
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