Property Description

Multi-Family Property in a highly sought after year round beach community! Investors take note! Property Highlights: Prime Location: Walking distance to multiple public beaches, one of Connecticut’s oldest bakeries, public boardwalks and parks, top-rated pizza shops, ice cream shops, restaurants and even a live theater making this a perfect location for renters and vacationers alike. 11 Units: The largest multi-family available for sale on the South Eastern CT Shoreline. 2.27 Acres: Room for expansion, additional amenities or boutique resort style development. Cash Flow & Appreciation: This property is located in a quickly appreciating classic New England coastal town with high long term, medium term and short term rental demand. Located close to Millstone, Electric Boat, Pfizer and Camp Nett demand is sure to stay high! Whether you are looking to develop a thriving Airbnb portfolio or capitalize on the high demand for long term rentals in this area this property is an great investment opportunity.

Features

Heating System:: Baseboard
Cooling System:: Window Unit
Basement:: Full
Foundation Type:: Concrete, Slab
Heat Fuel Type:: Oil, Electric
Exterior Siding:: Vinyl Siding
Fireplaces Total:: 0
Parking Total Spaces:: 0
Hot Water Description:: Upright Tank
Lot Description:: Lightly Wooded, Level Lot, Secluded
Water Source:: Public Water Connected

Address Map

Street:: Black Point
Street Number:: 68-70
Floor Number:: 0
Longitude:: W73° 47′ 39.2”
Latitude:: N41° 19′ 3.5”

MLS Addon

Office Name:: eXp Realty
Agent Name:: Adam Velez
List Agent MLSID:: 843529
List Office MLSID:: EXPC01
Tax Year:: July 2025-June 2026
Directions:: Coming Westward from Rope Ferry Rd. take a left onto Black Point Rd. and property is 0.3mi in on your left.
Elementary School:: Lillie B. Haynes
High School:: East Lyme
HOA Fee Amount:: $0
Parcel Number:: 1467457
Property Tax:: $13,721
Zoning:: R40