$950,000
27 Moss Street Stonington, CT 06379
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$950,000
Est. payment /mo
4 Baths
3,507 SqFt
UPDATED:
10/28/2024 09:38 PM
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
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Listed by Bill Fain • William Fain
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