Property Description
A turn-key investment opportunity in the heart of Mystic. This completely updated multi-unit building blends coastal sophistication with a high-yield asset model, making it a true trophy property for your portfolio. In the LS-5 zone, it is positioned perfectly for an owner occupier on the second floor with rental units for the modern traveler on the first level. Or, use all units as long-term rentals or an Inn. The building features a spectacular, two-story luxury penthouse with a chef's kitchen, premium appliances, 3 bedrooms and 2 full baths, and dual private outdoor decks designed for entertaining. The first floor has three impeccably furnished studio suites expertly designed with dedicated zones for living and sleek, spa-like baths. The property is within short walking distance to the Amtrak station and downtown Mystic's dining, shopping, and historic drawbridge. Strategically located moments from historic Stonington and the Rhode Island border, this asset is easily serviced by trains from NYC, Boston, and Fairfield County-putting a premier vacation market right at your doorstep. Outfitted with comprehensive security, integrated cameras, and smart access, the entire building is fully optimized for a lucrative, contactless rental system, while solar power generation keeps utility overhead exceptionally low. Complete with 10 on-site parking spaces This property delivers maximum convenience, modern efficiency, and cash flow.
Overview
Property Type
Multi-family
Location
44 Williams Avenue, Stonington, Connecticut 06355
Zoning
LS-5
MLS ID
24179342
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
6
Full Bathrooms
5
Exterior
Water Source
Public Water Connected
Roof
Asphalt Shingle
Lot Features
Corner Lot, City Views, Level Lot
Parking
Paved, Off Street Parking, Driveway
Heat Type
Hot Air, Zoned
Air Conditioning
Central Air, Split System
Sewer
Public Sewer Connected
Substructure
Concrete
Details
Architecture Styles
Units on different Floors, Units are Side-by-Side
Water Frontage
Walk to Water, Water Community
Financial
Price
$2,550,000
Real Estate Tax
$11,305/yr
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