Price Reduced 4.88%
Price History
$4,200,000
2/28/2025
$3,995,000
3/22/2025
68-70 Black Point Road, East Lyme, (Black Point), CT, 06357
44 rooms
14 beds
10 Full baths
1950
Other
5,907 sqft
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.
Status:
Active
Town:
East Lyme
Type:
Multi-family
Units:
11
Zoning:
R40
Heating:
Baseboard
Cooling:
Window Unit
Basement:
Full
Acreage:
2.27
Est. Taxes:
$12,908
Assessment
$489,860
Lot Description:
Secluded,Lightly Wooded,Level Lot
Elementary School:
Lillie B. Haynes
High School:
East Lyme
Days on Market:
35
MLS #:
24077288
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Adam Velez, eXp Realty Email: velezad50@gmail.com