Investors! Check out this multi-family property nestled between the seaside charm of Stonington Borough, the mill-village character of Pawcatuck, and a short trip to beaches in Westerly, RI. Comprising 2 units with flexible 1 and 2 bedroom layouts, this property combines steady cash flow with latent upside plus an enviable location that tenants will love. Just moments from the iconic Stonington Lighthouse Museum, Stonington Harbor, and the quaint boutiques, galleries, and cafes along Water Street. The Pawcatuck side provides its own character underscoring the area's rich industrial past. This building offers residents true walkability. Inside, each unit offers separate utilities, ample storage options, and appliances. The building itself is well-maintained and offers an additional selling feature with a detached covered garage. From here, commuter connections are seamless being just minutes from I-95. The area's increasing attractiveness gives this asset unique appeal in a competitive market. Offering a stable, cash-flowing platform with clear paths for rental growth and amenity enhancements, this property is more than a building - it's a lifestyle investment. For those who value location, walkability, and character, this is an opportunity that checks every box. Schedule a private showing and explore how this property can anchor your next portfolio move.
Commission structure not available, using default of 2.5%
Make OfferAshley Baillargeon, Century 21 North East
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.