Exceptional multifamily investment opportunity boasting a rare 25-space private parking lot ideally located within walking distance to Electric boat. Take advantage of consistent, dual-shift demand from EB employees to generate additional parking lot income and enhance the overall ROI. This side by side two family home features aluminum siding, an architectural shingle roof, oil heat and public water & sewer. Each studio apartment spans approximately 682 Sq Ft and includes 1 bedroom, a living room, an eat-in kitchen, a full bathroom and rear enclosed mudroom. Unit 14 has been tastefully updated with engineered wood flooring throughout and a remodeled kitchen featuring double SS sink, SS appliance, composite counters and white laminate faced cabinets. Unit 16 is occupied by a long-term tenant, currently on a month-to-month lease offering a perfect balance of steady income and investment flexibility. The full unfinished basement provides shared laundry with a coin-operated washer and dryer and a furnace that was replaced in 2019. Heat included in the rent, with separate 100-amp electrical service for each unit. An outstanding opportunity to own a well-maintained property that offers both reliable income and room for future growth.
Commission structure not available, using default of 2.5%
Make OfferScott Pellerin, Coldwell Banker Realty
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.