44 Williams Ave - Hospitality FOR SALE


Mystic, CT 06355
$2,500,000 USD
410-315-0808
44 Williams Ave, Mystic, CT for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/37
null | Request Cap Rate

44 Williams Ave
Mystic, CT 06355


OVERVIEW

Here's a great opportunity to run your own "contactless" business in short term or long term rentals! Included in this recently re-imagined and renovated building are four units-one is a three bedroom, two bath penthouse on the top floor with bespoke finishes, recently and stylishly furnished (included), a gourmet kitchen complete with a subzero refrigerator and Wolf range, its own laundry and is ready to be rented so that you can start earning revenue right away. In addition, there are three efficiency apartments with fireplaces, luxurious, refined bathrooms and kitchenettes. All four of these units can easily accommodate an online booking system as well as contactless access for entrance to and egress from the suite! Fifteen surveillance cameras and an ADT alarm system combine to make security easily monitored resulting in a property that is meant to be low maintenance and low labor to run! Plus, there is ample parking with 10 off street autos. For the investor who wants to live in Mystic, the penthouse is the perfect sized home while renting the lower level efficiency units! The property is zoned as LS-5 and located in the heart of Mystic, Connecticut, one of the most beautiful New England year-round and resort towns with plenty of dining/shopping venues all within walking distance to the Mystic train station - serviced by Amtrac from NYC Metro, Fairfield County CT and Boston metro providing you with a market potential of over 25 million people!

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$390 USD /SF

# OF ROOMS

-

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LS-5

APN/PARCEL ID

STON-000161-000017-000009

ASK ABOUT THIS PROPERTY

Donna SimmonsMott & Chace Sotheby’s International RealtyMore Info
410-315-0808

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Donna SimmonsMott & Chace Sotheby’s International RealtyMore Info
410-315-0808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.