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68-70 Black Point Road

East Lyme, CT 06357

$3,995,000 PRICE Reduced by $205,000
14 Beds
10 Baths
5,907 Sqft
2.27 Acres
1950 Built

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.

Additional Information

ADDITIONAL INFORMATION

ACRES: 2.27
BASEMENT DESCRIPTION: Full
HIGH SCHOOL: East Lyme
IS OCCUPIED?: Tenant
LIVING AREA SQFT: 5,907
NEIGHBORHOOD: Black Point
PROPERTY TAX: $12,908
SEWER: Septic
STYLE: Other
TAX AMOUNT: $12,908
UNIT COUNT: 11
YEAR BUILT: 1950
YEAR BUILT DETAILS: Public Records
ZONING: R40

INTERIOR FEATURES

AIR CONDITIONING: Window Unit
BEDS: 14
COOLING: Window Unit
FULL BATHS: 10
FURNACE TYPE: Electric, Oil
HEAT: Electric, Oil
HEAT FUEL: Electric, Oil
HOT WATER: Upright Tank
ROOMS: 44
TOTAL BATHS: 10

EXTERIOR FEATURES

EXTERIOR SIDING: Vinyl Siding
ROOF: Asphalt Shingle

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Location for 68-70 Black Point Road, East Lyme, CT

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Community

Niantic

Shoreline, Connecticut

The town of east Lyme rests along Long Island Sound in southern New London County. It comprises two charming villages, Niantic and Flanders. The dominant industries in this waterfront community include...

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An exclusive report that informs you of residential real estate sales activity and trends in Niantic, Connecticut.

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Niantic Brokerage
24 Pennsylvania Ave
Niantic, CT 06357
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Schedule a Showing Best Day/Time

Yes, I would like more information from Sotheby's International Realty. Please use and/or share my information with a Sotheby's International Realty agent to contact me about my real estate needs.