9 School St St - Apartments FOR SALE


Mystic, CT 06355
$3,700,000 USD
860-574-5470
9 School St St, Mystic, CT for Sale
$3,700,000 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 investment opportunity featuring THREE income-producing multi-family properties offered together as a premier portfolio package. Comprised of SIX total residential units-two distinct units per building-this rare offering presents robust cash flow, maximum flexibility, and undeniable long-term value for seasoned and aspiring investors alike. Location is everything, and this portfolio delivers. Situated within desirable walking distance to historic Downtown Mystic, tenants and guests will enjoy effortless access to world-class dining, boutique shopping, vibrant entertainment, and iconic local attractions. Each building has been thoughtfully maintained, perfectly positioning the portfolio to command premium rental rates in one of the region's most sought-after markets. Whether you are looking to expand an existing portfolio, owner-occupy while capitalizing on organic rental income, or maximize returns via short-term vacation rentals, the flexibility here is unmatched. Portfolio packages of this caliber-offering three separate buildings, six turnkey units, and immediate, multiple streams of income-rarely hit the market. Invest in lifestyle, premier location, and compounding long-term growth.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$1,850 USD /SF

# OF UNITS

6

PRICE/UNIT

$616,667

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.