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Executive Summary
Here's a great opportunity to run your own "contactless" business in short term or long term rentals! Included in this recently re-imagined and renovated building are four units-one is a three bedroom, two bath FULLY and STYLISHLY FURNISHED (and included in sale) penthouse on the top two floors with bespoke finishes, a gourmet kitchen complete with a Subzero refrigerator and Wolf cooktop, its own laundry and is ready to be rented so that you can start earning revenue right away. In addition, there are three FULLY FURNISHED (and included in sale) Studio Suites with fireplaces, luxurious, refined bathrooms and kitchenettes. All four of these units can easily accommodate an online booking system as well as contactless access for entrance to and egress from the suite! Fifteen surveillance cameras and an ADT alarm system combine to make security easily monitored resulting in a property that is meant to be low maintenance and low labor to run! Plus, there is ample parking with 8 off street autos. For the investor who wants to live in Mystic, the penthouse is the perfect sized home while renting the main level Studio Suites! There is solar power for each of the four suites and there is a separate shared laundry room for the three Studio Suites. The property is zoned as LS-5 and located in the heart of Mystic, Connecticut, one of the most beautiful New England year-round and resort towns with plenty of dining/shopping venues all within walking distance to the Mystic train station - serviced by Amtrac from NYC Metro, Fairfield County CT and Boston metro providing you with a market potential of over 25 million people! Each of the four properties is being actively marketed for rental!
Property Facts
| Price | $2,680,000 | Apartment Style | Low-Rise |
| Price Per Unit | $670,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.18 AC |
| No. Units | 4 | Building Size | 6,411 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1940/2006 |
| Zoning | LS-5 - LS-5 | ||
| Price | $2,680,000 |
| Price Per Unit | $670,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 6,411 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2006 |
| Zoning | LS-5 - LS-5 |
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Property Taxes
| Parcel Number | STON-000161-000017-000009 | Improvements Assessment | $979,800 |
| Land Assessment | $367,000 | Total Assessment | $1,346,800 |
Property Taxes
Parcel Number
STON-000161-000017-000009
Land Assessment
$367,000
Improvements Assessment
$979,800
Total Assessment
$1,346,800
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