9 School St St - Apartments FOR SALE


Mystic, CT 06355
$3,500,000 USD
860-574-5470
9 School St St, Mystic, CT for Sale
$3,500,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

9 School St St
Mystic, CT 06355


HIGHLIGHTS

  • 6 2-bedroom, 1 bath apartments
  • 2 parking spaces per unit off-street
  • Laundry for each unit
  • Fully furnished turn-key short-term setups
  • Updated units, mechanicals, electric, roofing and solar
  • Propane fired forced hot air and cooling

OVERVIEW

Exceptional opportunity to acquire a thriving six-unit short-term rental portfolio in the heart of Mystic, Ct. Offered as three well-maintained buildings with six guest accommodations, this turnkey hospitality operation provides immediate income in one of New England's most desirable coastal destinations. Located within walking distance of Historic Downtown Mystic, the portfolio benefits from strong year-round demand driven by waterfront attractions, acclaimed restaurants, boutique shopping, marinas, entertainment venues, and a vibrant tourism economy. Guests enjoy convenient access to Mystic's most popular destinations, helping drive occupancy and repeat visitation. The portfolio includes six thoughtfully appointed accommodations across three separate buildings, creating multiple revenue streams and operational flexibility. The properties have been carefully maintained and are positioned for continued success under new ownership. Unlike traditional multifamily investments, this offering represents an established lodging business with immediate cash flow and future growth potential. The combination of location, scale, and guest appeal creates a rare opportunity to acquire a hospitality asset in one of Connecticut's premier tourism markets. Whether expanding an existing portfolio or entering the short-term rental industry, this unique Mystic offering delivers proven income, operational flexibility, and long-term value. Financial and operational information available.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$1,750 USD /SF

# OF UNITS

6

PRICE/UNIT

$583,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9 School (4 and 6 School Place) Street Mystic

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

RH-10

APN/PARCEL ID

STON-000173-000010-000008

ASK ABOUT THIS PROPERTY

Jon ArrudaArruda Real Estate AssociatesMore Info
860-574-5470

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Jon ArrudaArruda Real Estate AssociatesMore Info
860-574-5470

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