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68 Black Point Rd 11 Unit Apartment Building $3,795,000 ($345,000/Unit) Niantic, CT 06357
INVESTMENT HIGHLIGHTS
- Walking distance to beach
- High Demand
- Vacation town
EXECUTIVE SUMMARY
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: There is 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.
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: There is 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.
PROPERTY FACTS
| Price | $3,795,000 | Apartment Style | Garden |
| Price Per Unit | $345,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.29 AC |
| No. Units | 11 | Building Size | 5,599 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1948 |
| Zoning | R40 - Residential | ||
| Price | $3,795,000 |
| Price Per Unit | $345,000 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.29 AC |
| Building Size | 5,599 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Zoning | R40 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Yard
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | ELYM-001104-000128 | Improvements Assessment | $355,180 |
| Land Assessment | $134,680 | Total Assessment | $489,860 |
PROPERTY TAXES
Parcel Number
ELYM-001104-000128
Land Assessment
$134,680
Improvements Assessment
$355,180
Total Assessment
$489,860
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68 Black Point Rd
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