1. Connecticut
  2. East Lyme
  3. 68-70 Black Point Road
$3,895,000

68-70 Black Point Road, East Lyme, CT 06357

  • 14 beds |
  • 10 baths |
  • 5,907 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon2.27acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $659/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Multi-Family Property in a highly sought after year round beach community! Investors take note! 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: 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.

Listing Status:
Active
Date Added:
February 28, 2025 at 05:51PM
Listing Office:
eXp Realty : (866) 828-3951
Listing Agent:
Adam Velez : (860) 961-6040
MLS ID:
24077288
  • Basement: Full
  • A/C: Window Unit
  • Heating: BaseboardElectricOil

This listing courtesy of Adam Velez, eXp Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lillie B. Haynes School

29 Society Rd, Niantic, CT, 06357

Grades KG-4

2.15 miles away

E

East Lyme Middle School

31 Society Rd, Niantic, CT, 06357

Grades 5-8

2.29 miles away

E

East Lyme High School

30 Chesterfield Rd, East Lyme, CT, 06333

Grades 9-12

3.55 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.