East Lyme, CT 06357,68 Black Point Road
$920,000
$950,000
3.2%
Est.Price: ?

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6,500 SqFt

68 Black Point Road East Lyme, CT 06357

Est. payment /mo
SOLD DATE : 07/11/2022

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Key Details

Sold Price $920,000

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Sold

Purchase Type For Sale

Square Footage 6,500 sqft

Price per Sqft $141

MLS Listing ID 170484554

Sold Date 07/11/22

Style Other

Year Built 1948

Annual Tax Amount $11,622

Lot Size 2.270 Acres

Property Sub-Type 5 Family+

Property Description

AMAZING CASH FLOW 10 FAMILY RIGHT BY BEACH! This unique multifamily property is located right near the center of Niantic and walking distance to McCooks Beach! There are 6 picturesque cottages, a pair of duplexes, and a multi car garage on the 2+ acre lot. This property is easily accessible with dual points of entry and a circular driveway. Private parking spaces for each cottage, and duplexes have their own assigned parking. MANY UPDATES WERE DONE TO THIS PROPERTY- NEW ROOFS ON 4 COTTAGES, COMPLETELY UPDATED COTTAGE #4, SEPTIC SYSTEMS WERE INSPECTED AND FIXES COMPLETED, UPDATED SUPPORT TO MULTIFAMILY #1. This property is fully rented, mostly to long term tenants, and those month-to-month leases are under market value.

Location

State CT

County New London

Zoning R40

Rooms

Basement Full With Hatchway

Interior

Heating Baseboard, Other

Cooling Ceiling Fans, Wall Unit

Exterior

Exterior Feature Garden Area

Parking Features Detached Garage, Off Street Parking

Garage Spaces 14.0

Waterfront Description Beach,Walk to Water

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Foundation Concrete, Slab

Sewer Septic, Shared Septic

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

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Listed by Lea Trueblood • William Raveis Real Estate
Bought with Adam Velez • eXp Realty

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agent

Omar Harper

Broker Associate

+1(845) 209-0133

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