Stonington, CT 06378,17 Hancox Street

$3,575,000

$4,499,900

20.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

9,344 SqFt


SOLD DATE : 01/17/2024

Key Details

Sold Price $3,575,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 9,344 sqft

Price per Sqft $382

MLS Listing ID 170595705

Sold Date 01/17/24

Year Built 1939

Annual Tax Amount $45,486

Lot Size 0.370 Acres

Property Description

Unlock Your Investment Potential w/ this Private Waterfront Condo Complex. Are you seeking a strategic real estate investment that combines luxurious coastal living w/ income-generating potential? Look no further than 17 Hancox Street, a 15-unit condominium complex nestled along the serene shores of Stonington, CT. This property offers a rare chance to diversify your portfolio & tap into the highly sought-after waterfront market. Commanding panoramic water views & direct waterfront access, this condo complex is a magnet for renters & buyers alike. Tenants will savor the allure of coastal living while you reap the benefits of high-demand real estate. With 15 individual units (12 units recently fully updated), you'll have a steady stream of rental income, ensuring a reliable return on your investment. Capitalize on the evergreen appeal of waterfront living in this coveted location. Tenants are drawn to the luxurious amenities, including access to a private dock, ideal for swimming, sunbathing, or launching your kayak for a leisurely paddle. Waterfront paver patios w/fire pits, provides the perfect setting for gatherings & relaxation. Location, Location, Location: Stonington, CT, is a picturesque coastal town known for its charm & maritime history. The value of waterfront real estate remains resilient over time. Invest w/confidence, knowing that your property is poised for steady appreciation, offering a secure long-term investment

Location

State CT

County New London

Zoning R-1

Interior

Interior Features Living Space Available

Heating Radiator

Cooling None

Flooring Vinyl

Exterior

Parking Features Paved, Off Street Parking

Utilities Available Electric

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Foundation Concrete

Sewer Public Sewer Connected

Water Public Water Connected

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Mark Riesbeck • Berkshire Hathaway NE Prop.
Bought with Mark Riesbeck • Berkshire Hathaway NE Prop.

GET MORE INFORMATION

agent
Ilka Torres

Broker | License ID: REB.0794005

+1(860) 985-3788

1939 Broad St, Hartford, CT, 06114, USA

Name
Phone*
Message