68 Black Point Rd - Apartments FOR SALE


Niantic, CT 06357- Southwest New London/Lyme
$4,200,000 USD
860-961-6040
68 Black Point Rd, Niantic, CT for Sale
$4,200,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

68 Black Point Rd
Niantic, CT 06357
Southwest New London/Lyme


HIGHLIGHTS

  • Walking distance to beach
  • Vacation town
  • High Demand

OVERVIEW

Multi-Family Property in a highly sought after year round beach community! Property Highlights: Prime Location: Walking distance to multiple public beaches, one of Connecticut's oldest bakeries, public boardwalks and parks, top-rated pizza shops, ice cream shops, restaurants and even a live theater making this a perfect location for renters and vacationers alike. 11 Units: The largest multi-family available for sale on the South Eastern CT Shoreline. 2.27 Acres: Room for expansion, additional amenities or boutique resort style development. Cash Flow & Appreciation: This property is located in a quickly appreciating classic New England coastal town with high long term, medium term and short term rental demand. Located close to Millstone, Electric Boat, Pfizer and Camp Nett demand is sure to stay high! Whether you are looking to develop a thriving Airbnb portfolio or capitalize on the high demand for long term rentals in this area this property is an great investment opportunity.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$750 USD /SF

# OF UNITS

11

PRICE/UNIT

$381,818

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,752 SF

ZONING

R40

APN/PARCEL ID

ELYM-001104-000128

ASK ABOUT THIS PROPERTY

Adam VelezeXp RealtyMore Info
860-961-6040

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Adam VelezeXp RealtyMore Info
860-961-6040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.