Price Reduced 5.00%

$950,000 ($270.89 per sqft)

Under Contract

Est. Mortgage $4,679/mo *

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Price History

$1,000,000
5/24/2024

$950,000
8/1/2024

27 Moss Street, Stonington, (Pawcatuck), CT, 06379

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21 rooms

8 beds

7 Full baths

1900

Other

3,507 sqft

Opportunity Knocks: Don't miss out on this lucrative investment! Whether you're a seasoned investor or a first-time buyer, this 6-unit property in Pawcatuck promises both stability and growth potential. Investment Highlights: * Strong Cap Rate: At 9.25%, this property offers an attractive return on investment. * Steady Demand: Pawcatuck's growing economy ensures consistent tenant demand. * Historic Charm: The property's character and location appeal to renters seeking authenticity. Key Features: 1. Prime Location: Situated in the charming village of Pawcatuck in the town of Stonington, this property enjoys proximity to Westerly, Rhode Island, and historic commercial ties. 2. Industrial Base: Retaining its industrial heritage, the neighborhood hosts companies like Davis-Standard, Cottrell Brewery, and Hi-Tech Profiles. 3. Sport Fishing Hub: Marinas support an active sport fishing industry, attracting enthusiasts year-round. 4. Retail and Arts Scene: Pottery and jewelry studios add to the vibrant local arts community. Property Overview: * Unit Count: 6 * Cap Rate: 9.25%

Status:

Under Contract

Town:

Stonington

Type:

Multi-family

Laundry Remarks:

Washer/Dryer Some Units

Units:

Zoning:

RH-10

Garage:

None, Paved, Off Street Parking, Driveway

Heating:

Baseboard

Cooling:

None

Basement:

Full, Heated, Fully Finished, Apartment, Interior Access, Liveable Space, Full With Walk-Out

Parking:

8-car

Acreage:

0.23

Est. Taxes:

$7,814

Assessment

$410,200

Lot Description:

Level Lot

Elementary School:

Per Board of Ed

Middle School:

Per Board of Ed

High School:

Stonington

Days on Market:

114

MLS #:

24019869

Community Info

School Info

Walk Score

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Price History

27 Moss Street, Stonington, (Pawcatuck), CT, 06379

Community Info

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Yelp

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