New Listing - 06/24/2024

$465,000 ($266.63 per sqft)

Est. Mortgage $2,321/mo *

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7 Griswold Avenue, Old Lyme, CT, 06371

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8 rooms

5 beds

2 Full baths

1920

Other

1,744 sqft

Explore this exceptional investment opportunity in Old Lyme, CT, ideally positioned right off I-95 and close to the picturesque White Sand Beach Town Beach. This property features two separate units, making it a versatile choice for investors interested in both long-term rentals and short-term accommodations such as Airbnb, or for owner-occupants seeking a residence that can also generate income. The front unit offers a practical layout with three bedrooms and one bathroom, perfect for families or individuals looking for accessible, comfortable living. The second unit includes two bedrooms and one bathroom, complemented by an attached garage, adding convenience and value. This arrangement is ideal for owner-occupants looking to offset their mortgage payments and increase cash flow through rental income. Located near a popular local attraction, the property's proximity to the beach enhances its appeal for short-term vacation rentals while maintaining steady demand for long-term leases. This strategic location not only provides excellent rental income potential but also offers flexibility in rental strategy to adapt to various market needs and preferences. Whether you're looking to expand your rental portfolio, start in real estate investment, or find a home that helps pay for itself, this multi-unit property in Old Lyme represents a smart buy with significant income potential, ideal for diversifying your investment approach.

Status:

Active

Type:

Multi-family

Laundry Remarks:

Hook-Up In Unit 1,Hook-Up In Unit 2

Units:

Zoning:

R15

Garage:

1-car Attached Garage

Heating:

Baseboard

Cooling:

Ceiling Fans

Basement:

Full, Unfinished

Acreage:

0.17

Est. Taxes:

$4,432

Assessment

$188,600

Lot Description:

Level Lot

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

MLS #:

24027842

Community Info

School Info

Walk Score

Mass Transit

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7 Griswold Avenue, Old Lyme, CT, 06371

Community Info

School Info

Walk Score

Mass Transit

Yelp

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