40 Boston Post Road, East Lyme, Connecticut 06333

$850,000
11
BD
7
BA
5,800
SqFt
Sold Price
$850,000
List Price
$1,100,000
Status
CLOSED
MLS#
170547913
Closing Date
May 01, 2023
Year Built
1850
Bedrooms
11
Bathrooms
7
Acres
2
Living Area
5,800

Property Description

Rare opportunity to own 8 Units in East Lyme CT. This portfolio comprises of two lots. Lot #1 MLS #(170548332) 46 Boston Post Road is a 3bd, 1,500 sq/ft single family on an adjacent lot. Lot #2- 40-44 Boston Post Road consists of two single family homes and a 5-unit multifamily. These properties have beautiful views of Latimer Brook and Banning Cove. Commercially zoned 2 acre lot. This could be a perfect location for Airbnb rentals or realize the upside by increasing the below market rents. Single Family is available separately. Year built is an approximate of all buildings. Property to be sold as is. Other two Units are the 1bd, 1bath single family and a 2bd /1 bath single family. Rented for $850 and $1,050 respectively. Price includes 46 Boston Post Road (Single Family on separate deed)

Additional Information

Taxes
$8,229
Lot Size
87,120
Waterfront Desc
Direct Waterfront, River
Heating
Baseboard, Radiator
Fuel Type
Electric, Natural Gas, Oil
Cooling System Type
Window Unit
Sewer
Septic
Water Source
Public Water Connected
Basement
Full
Exterior
Vinyl Siding, Wood
Elementary School
Flanders
High School
East Lyme

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Brendon Mansaku from Lakeshore Realty

Listing courtesy of Brendon Mansaku from Lakeshore Realty

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