- Bedrooms
- Baths
- Sq. Ft.
- Year Built
- Acres
Rare Multi-Family Property in Sound View Beach Community
Attention investors: Discover a rare multi-family property in a sought-after year-round beach community, presenting an exceptional investment with amazing rental income potential. This coastal haven features five units, each with off-street parking, and individual heating systems, streamlining management and enhancing tenant appeal. Units 1 and 2, located in the main house, offer spacious 2-bedroom accommodations, while Units 3 and 4 provide 2 smaller bedrooms alongside a kitchen and living space, unit 5 is a one bedroom-perfect for maximizing returns through Airbnb, whether during the bustling summer season or throughout the year. Unit 5 is a beautifully renovated one-bedroom apartment, complete with new flooring, new kitchen cabinets, and a fresh coat of paint, ready for new appliances. Capitalize on this unique opportunity to own a versatile property in a prime beach locale.
Listing Details
Property Details
- MLS ID 24060563
- Status Active
- Property Type Multi Family
- Property SubType 5 Family+
- Beds 9
- Full Baths 5
- SqFt 3,053 sqft
- Acres 0.11 acres
- Year Built 1976
- Elementary School Mile Creek
- Jr. High School Lyme-Old Lyme
- High School Lyme-Old Lyme
- Buyer Broker Compensation Any compensation may only be paid to a licensed real estate broker. Compensation offers are negotiable, not set by law, and may change until a written agreement is signed. Agents should inquire about dual variable rate commissions. 2.5%
Additional Highlights
- Acres Source Public Records
- Architectural Style Units on different Floors
- County New London
- Gas Description Electric, Propane
- Lot Description Corner Lot, Level Lot
- Occupancy Tenant
- Parking Spaces 7
- Water Description Public Water Connected
- Water Frontage Walk to Water, Beach Rights, Water Community, Access
- Waterfront Description Walk to Water, Beach Rights, Water Community, Access
Taxes and Fees
Location
69 Hartford Avenue, Old Lyme, CT 06371Get Driving DirectionsExplore Old Lyme
Located at the confluence of the Connecticut River and Long Island Sound, Old Lyme enjoys a scenic rural atmosphere of beautiful shorefront, wetlands, tidal marsh and treed...