$3,575,000
$4,499,900
20.6%For more information regarding the value of a property, please contact us for a free consultation.
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
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Bought with Mark Riesbeck • Berkshire Hathaway NE Prop.
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Broker | License ID: REB.0794005