26
See all 26 photos
$4,200,000
Est. payment /mo
14 BD
10 BA
5,907 SqFt
New
68-70 Black Point Road East Lyme, CT 06357
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UPDATED:
03/01/2025 05:18 AM
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 5,907 sqft
Price per Sqft $711
MLS Listing ID 24077288
Style Other
Bedrooms 14
Full Baths 10
Year Built 1950
Annual Tax Amount $12,908
Lot Size 2.270 Acres
Property Sub-Type 5 Family+
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.
Location
State CT
County New London
Zoning R40
Rooms
Basement Full
Interior
Heating Baseboard
Cooling Window Unit
Exterior
Parking Features None
Waterfront Description Walk to Water
Roof Type Asphalt Shingle
Building
Lot Description Secluded, Lightly Wooded, Level Lot
Foundation Concrete, Slab
Sewer Septic
Water Public Water Connected
Schools
Elementary Schools Lillie B. Haynes
High Schools East Lyme
Listed by Adam Velez • eXp Realty