4 Elihu St, Stonington, CT 06378

Property Description

Turn-key three-family investment opportunity in the heart of Stonington Borough, just steps from the water. Built in 1895 with tons of mondern updates throughout, offering 2,495 square feet across 12 total rooms, this side-by-side three-family features three separate units, each with its own entrance, heating and AC. Unit 1 is one level living (966 sq ft, 2 bedrooms) includes oven/range, microwave, refrigerator, washer, and dryer, with an in-unit laundry hookup. Unit 2 is the front loft (2nd and 3rd floor 764 sq ft, 2 bedrooms) offers oven/range and refrigerator, also with an in-unit laundry hookup. Unit 3 is the back loft (764 sq ft, 2 bedrooms) comes equipped with oven/range, microwave, and refrigerator, with laundry hookup in the basement- currently leased through June 2027, offering immediate cash flow from day one. The building sits on a level lot with water views and offers private decks, gutters, and vinyl siding exterior. A full, unfinished basement with hatchway access provides ample individual storage for tenants. Heating is a mix of hot air and mini split units, fueled by electric and propane, with above-ground fuel tanks and a split-system cooling setup. Public water and sewer service run to the property. Ideally located within walking distance to shops, restaurants, parks, and the Borough's waterfront charm, with nearby amenities including the Velvet Mill, a golf course, putting green, library, medical facilities, and public transportation.