27 Moss Street Under Contract Save Request In-Person Tour Request Virtual Tour
Stonington,CT 06379
Key Details
Property Type Commercial
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,507 sqft
Price per Sqft $270
MLS Listing ID 24024984
Full Baths 4
Year Built 1900
Annual Tax Amount $7,814
Lot Size 10,018 Sqft
Property Description
Opportunity Knocks: Don't miss out on this lucrative investment! Whether you're a seasoned investor or a first-time buyer, this 6-unit property in Pawcatuck promises both stability and growth potential. Investment Highlights: * Strong Cap Rate: At 9.25%, this property offers an attractive return on investment. * Steady Demand: Pawcatuck's growing economy ensures consistent tenant demand. * Historic Charm: The property's character and location appeal to renters seeking authenticity. Key Features: 1. Prime Location: Situated in the charming village of Pawcatuck in the town of Stonington, this property enjoys proximity to Westerly, Rhode Island, and historic commercial ties. 2. Industrial Base: Retaining its industrial heritage, the neighborhood hosts companies like Davis-Standard, Cottrell Brewery, and Hi-Tech Profiles. 3. Sport Fishing Hub: Marinas support an active sport fishing industry, attracting enthusiasts year-round. 4. Retail and Arts Scene: Pottery and jewelry studios add to the vibrant local arts community. Property Overview: * Unit Count: 6 * Cap Rate: 9.25%
Location
State CT
County New London
Zoning RH-10
Interior
Heating Baseboard
Cooling None
Exterior
Utilities Available Electric,Gas,Phone Available,Cable Available
Roof Type Asphalt Shingle
Building
Lot Description Level Lot,Cleared
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected