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$ 1,250,000
Est. payment /mo
Active
224 Shore Road Old Lyme, CT 06371
4 Beds
2 Baths
1,698 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,698 sqft
Price per Sqft $736
MLS Listing ID 24125637
Style Units on different Floors
Bedrooms 4
Full Baths 2
Year Built 1928
Annual Tax Amount $3,225
Lot Size 1.700 Acres
Property Sub-Type 2 Family
Property Description
Investment Opportunity! Multi use property. Approved Permit for Storage Units. The "holy grail" of passive income! Property includes a Multi family house with 2 rental units in place and monthly income of approx $3400/ month. Back portion of lot permitted for up to 14,000 Sq Ft of storage units with office space. Full approval and plans for four storage buildings ranging in size from 1800-4200 sq ft. One of four buildings to have a shop/office. This is the last available space in Old Lyme in which storage space can be built. Easy to build on, level open space. Sit back and earn money!
Location
State CT
County New London
Zoning C-30
Rooms
Basement Partial, Unfinished
Interior
Heating Hot Water
Cooling None
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete
Sewer Septic
Water Public Water Connected
Schools
Elementary Schools Mile Creek
High Schools Lyme-Old Lyme
Listed by Jodi Serapilia • William Raveis Real Estate
School and business data provided by Attom Data.