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9 School (4 and 6 School Place) Street Mystic 9 School St St 6 Unit Apartment Building $3,700,000 ($616,667/Unit) Mystic, CT 06355



Investment Highlights
- 6 2-bedroom, 1 bath apartments
- Laundry for each unit
- Updated units, mechanicals, electric, roofing and solar
- 2 parking spaces per unit off-street
- Fully furnished turn-key short-term setups
- Propane fired forced hot air and cooling
Executive Summary
Exceptional opportunity to acquire a thriving six-unit short-term rental portfolio in the heart of Mystic, Ct. Offered as three well-maintained buildings with six guest accommodations, this turnkey hospitality operation provides immediate income in one of New England's most desirable coastal destinations. Located within walking distance of Historic Downtown Mystic, the portfolio benefits from strong year-round demand driven by waterfront attractions, acclaimed restaurants, boutique shopping, marinas, entertainment venues, and a vibrant tourism economy. Guests enjoy convenient access to Mystic's most popular destinations, helping drive occupancy and repeat visitation. The portfolio includes six thoughtfully appointed accommodations across three separate buildings, creating multiple revenue streams and operational flexibility. The properties have been carefully maintained and are positioned for continued success under new ownership. Unlike traditional multifamily investments, this offering represents an established lodging business with immediate cash flow and future growth potential. The combination of location, scale, and guest appeal creates a rare opportunity to acquire a hospitality asset in one of Connecticut's premier tourism markets. Whether expanding an existing portfolio or entering the short-term rental industry, this unique Mystic offering delivers proven income, operational flexibility, and long-term value. Financial and operational information available.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,700,000 | Building Class | C |
| Price Per Unit | $616,667 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 4,962 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Zoning | RH-10 | ||
| Price | $3,700,000 |
| Price Per Unit | $616,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 4,962 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2021 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | RH-10 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | STON-000173-000010-000008 | Total Assessment | $298,400 |
| Land Assessment | $89,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $209,200 | Tax Year | 2025 |
Property Taxes
Parcel Number
STON-000173-000010-000008
Land Assessment
$89,200
Improvements Assessment
$209,200
Total Assessment
$298,400
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
9 School (4 and 6 School Place) Street Mystic | 9 School St St

