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Key Details
Sold Price $888,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 12,500 sqft
Price per Sqft $71
MLS Listing ID 170346145
Sold Date 02/26/21
Year Built 1960
Annual Tax Amount $19,525
Lot Size 3.650 Acres
Property Description
Fully occupied efficiency apartment building with 30 units, located near Old Mystic, CT is looking for a new owner. This is a great business opportunity to take over a well established business and own 3.65 acres of land near Mystic, CT. All units are rented and building is maintained; this is a positive cash flow business with minimal headaches. On site office/manager living quarters for owner occupancy or hired manager as required. Plenty of parking for tenants. Net ROI 10-11% !!
Location
State CT
County New London
Zoning CN
Interior
Heating Radiator
Cooling None
Equipment all mechanicals, tools, and office equipment
Exterior
Exterior Feature Gutters, Lighting, Pole Sign
Parking Features Off Street Parking, Parking Lot
Utilities Available Electric, Phone Available, Cable Available
Roof Type Asphalt Shingle
Building
Lot Description Dry, Corner Lot
Story 1
Foundation Slab
Sewer Septic
Water Private Well
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Bought with Joseph Malerba • eXp Realty