Property Overview
Price/Rent PSF $ 975,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 9,671
Date Available 04/22/2019
Additional URL Link
Parking 20
Floors 2
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Coastal Apartment Building Property
Near beaches- 2 Colleges and Coast Guard Academy
Quiet coastal New London Neighborhood
Easy Access to I-95

Shoreline Multifamily Investment and Development Opportunity.

This 2.7 acres property boasts a a seven unit apartment building, a four bedroom single family home, five garages all in a finely landscaped park-like setting. Adjoining 4 bed/ 2.5 bath home on 0.5 acres also available to create a 3.2 acre site

Opportunities for Investment Include:

Rent growth
Subdivide excess land - sell or develop up to 5 home sites
Seek approval to redevelop the entire site for larger single family subdivision or over 55 units of multifamily space.