68-70 Black Point Road , East Lyme, CT 06357
East Lyme, CT 06357
Description
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.
Details
| MLS# | 24077288 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Status | Active |
| Year | 1950 |
| Days On Site | 54 |
| Listing Provided By | eXp Realty | Adam Velez |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 10 Total |
| SQ Feet | 5,907 |
| Basement | Y |
| Units | 11 |
| Zoning | R40 |
| Acreage | 2.27 |
| Water Front | Yes |
Market Activity 06357
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Learn More About This Property
| State | CT |
|---|---|
| County | New London |
| City | East Lyme |
| Zip Code | 06357 |
| Area | New London |
| School District | Lillie B. Haynes |
| Elementary School | Lillie B. Haynes |
| Listing VS Median (In 06357) | |
Price: $3,995,000 low | high Med: $49,000 SqFt: 5,907 low | high Med: 1,407 $ / SqFt: $676 low | high Med: $35 On site: 54 low | high Med: 265.000000 | |