Log In/Sign Up
Your email has been sent.
119 Water St 11 Unit Apartment Building $4,950,000 ($450,000/Unit) 6.05% Cap Rate Stonington, CT 06378
INVESTMENT HIGHLIGHTS
- Highly stabilized market, steady, long term income investment property with minimal risk. 4 Commercial 7 Residential units in the heart of Stonington.
- Excellent rental history with upward income potential in all units and expansion into attic with multi million dollar tri-state views.
- Across the street from swim dock and park, village parking lot, businesses and restaurants
- 11 units in total - 7 residential and 4 retail
- Low maintenance built to lot-line plot with small center courtyard and driveway providing off street parking for two cars plus a one car garage.
- Walk to bank, beach, docks, social clubs, restaurants, shops, library, churches, parks and historic sites.
EXECUTIVE SUMMARY
All four commercial storefronts and seven suites are renovated and occupied. Added value possibilities include up to two penthouse unit(s) providing unobstructed tri-state views over Long Island Sound and a garage expansion. Spectacular historic property with great clientele. Location is exquisite. Serviced by municipal water, sewer, and trash pick up. Ocean House has a rich history serving the Borough since 1840. Great live in building for owner occupied options. Each unit is unique with full kitchen and washer dryer. Exterior painting and finishing work in progress. Visit our website oceanhousect.com for more info.
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Wi-Fi
- Smoke Free
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Furnished Units Available
- Gas Range
- On-Site Retail
- Smoke Free
- Trash Pickup - Curbside
- Vintage Building
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 305 - 774 |
| 1+1 | 4 | - | 350 - 750 |
| 2+1 | 3 | - | 700 - 1,500 |
1 1
PROPERTY TAXES
| Parcel Number | STON-000101-000018-000005 | Improvements Assessment | $353,800 |
| Land Assessment | $245,900 | Total Assessment | $599,700 |
PROPERTY TAXES
Parcel Number
STON-000101-000018-000005
Land Assessment
$245,900
Improvements Assessment
$353,800
Total Assessment
$599,700
1 of 117
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Shore Views Real Estate
119 Water St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.