44 Williams Ave - Apartments FOR SALE


Mystic, CT 06355
$2,550,000 USD
203-727-2429
44 Williams Ave, Mystic, CT for Sale
$2,550,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

44 Williams Ave
Mystic, CT 06355


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$398 USD /SF

# OF UNITS

4

PRICE/UNIT

$637,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

LS-5

APN/PARCEL ID

STON-000161-000017-000009

ASK ABOUT THIS PROPERTY

Tonino MavuliSerhant CommercialMore Info
203-727-2429

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Tonino MavuliSerhant CommercialMore Info
203-727-2429

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