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$499,900
Est. payment /mo
4 Beds
2 Baths
2,430 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,430 sqft
Price per Sqft $205
MLS Listing ID 24113228
Style Units on different Floors
Bedrooms 4
Full Baths 2
Year Built 1900
Annual Tax Amount $8,194
Lot Size 0.630 Acres
Property Sub-Type 2 Family
Property Description
Incredible opportunity to own a high-visibility, income-generating mixed-use property close to major highways and shopping. With 2,430 sq ft of total space on 0.63 acres, this fully renovated building offers both commercial and residential rental income streams, ideal for investors or owner-occupants. Some features include a fully renovated Commercial unit on the first floor with updated electrical in June 2024, and a new ADA-compliant ramp installed August 2024. This is ideal for retail, office, or service use. The second Floor is a Residential Unit, with 2 bedrooms and 1 bathroom. Recently updated with new windows in April 2025, new flooring and carpet, and upgrades in the kitchen and bathroom. The third floor is also a residential unit - Fully renovated, 2 bedrooms, 1 bathroom currently generating income via Airbnb and medium-term rentals. This property has proven income resource from long and short term rentals, a detached garage and 15-space parking lot with additional land in rear, and ample basement storage for tenant or owner use. This property blends modern updates with solid income potential. Whether you're expanding your portfolio or seeking a flexible live/work investment, this one checks all the boxes!
Location
State CT
County New London
Zoning GC
Rooms
Basement Full
Interior
Heating Hot Air
Cooling Ductless
Exterior
Parking Features None, Paved, Parking Lot, Off Street Parking
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Listed by Natascia Klimas • William Pitt Sotheby's Int'l