BOUTIQUE MICRO HOTEL/VRBO INCOME PROPERTY | 44 Williams Ave
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BOUTIQUE MICRO HOTEL/VRBO INCOME PROPERTY 44 Williams Ave
3,577 SF 100% Leased Retail Building Mystic, CT 06355 £1,954,333 (£546/SF)
Investment Highlights
- PRIME LOCATION-Within walking distance to Historic Downtown Mystic and it's restaurants, shops, deep water marinas and Amtrack Train Station.
- PRIVATE 10 SPACE PARKING LOT
- SOPHISTCATED UNITS - Three studios and a two-level, 3 bedroom upper penthouse unit.
Executive Summary
Upstairs apartment is currently occupied but can be vacated upon sale of the property.
Four Like New Mint-Move in Condition Rental Units. First Floor offers 3, 1Br/1Ba Efficiency Units and Second Floor offers a beautiful Furnished 3 Bedroom, 2 Bath Unit with all high end furnishings and fixtures. Highly desirable 10 Car Private Parking Lot in rear of property. 3,577 Square Feet nestled on .17 Acres. This amazing property is Serviced by Municipal Water and Sewer, each unit has a propane heating/cooling system. This property is located in the LS-5 Commercial Zone and steps to Downtown Mystic, Deep Water Marinas, Fine Dining and Mystic Train Station. Live upstairs as a primary or vacation home and rent the 3 units below, or, Rent all units short term or long term - Many uses. Excellent income potential, location, condition and parking. All high end furnishings and fixtures in the 3BR/2BA unit on second floor including a Wolf Stove and Sub Zero Refrigerator. Live a Dream in Beautiful Mystic, CT! Excellent Location and Investment. Upstairs Apartment has it's own Laundry Room. The 3 Bottom units share a common laundry outside of property. Second Floor 3BR unit is fully furnished. 3 First Floor units are not furnished. Efficiency units square footage is approximate.
UPSTAIRS 3BR/2BA UNIT IS FULLY FURNISHED AND FURNISHINGS TRANSFER WITH THE SALE. 3 EFFICIENCY UNITS ON THE FIRST FLOOR ARE NOT FURNISHED. 3BR SECOND FLOOR UNIT HAS IT'S OWN LAUNDRY AND THE 3 EFFICIENCY UNITS ARE NOT FURNISHED.
Four Like New Mint-Move in Condition Rental Units. First Floor offers 3, 1Br/1Ba Efficiency Units and Second Floor offers a beautiful Furnished 3 Bedroom, 2 Bath Unit with all high end furnishings and fixtures. Highly desirable 10 Car Private Parking Lot in rear of property. 3,577 Square Feet nestled on .17 Acres. This amazing property is Serviced by Municipal Water and Sewer, each unit has a propane heating/cooling system. This property is located in the LS-5 Commercial Zone and steps to Downtown Mystic, Deep Water Marinas, Fine Dining and Mystic Train Station. Live upstairs as a primary or vacation home and rent the 3 units below, or, Rent all units short term or long term - Many uses. Excellent income potential, location, condition and parking. All high end furnishings and fixtures in the 3BR/2BA unit on second floor including a Wolf Stove and Sub Zero Refrigerator. Live a Dream in Beautiful Mystic, CT! Excellent Location and Investment. Upstairs Apartment has it's own Laundry Room. The 3 Bottom units share a common laundry outside of property. Second Floor 3BR unit is fully furnished. 3 First Floor units are not furnished. Efficiency units square footage is approximate.
UPSTAIRS 3BR/2BA UNIT IS FULLY FURNISHED AND FURNISHINGS TRANSFER WITH THE SALE. 3 EFFICIENCY UNITS ON THE FIRST FLOOR ARE NOT FURNISHED. 3BR SECOND FLOOR UNIT HAS IT'S OWN LAUNDRY AND THE 3 EFFICIENCY UNITS ARE NOT FURNISHED.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,577 SF
Building Class
C
Year Built/Renovated
1940/2006
Price
£1,954,333
Price Per SF
£546
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Slab to Slab
8 ft
Building FAR
0.48
Lot Size
0.17 AC
Zoning
LS-5 - LS-5 - SEE ATTACHED DOCUMENTS
Frontage
50 ft on WILLIAMS AVENUE
Amenities
- Security System
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | STON-000161-000017-000009 | Improvements Assessment | £305,565 |
| Land Assessment | £130,654 | Total Assessment | £436,220 |
PROPERTY TAXES
Parcel Number
STON-000161-000017-000009
Land Assessment
£130,654
Improvements Assessment
£305,565
Total Assessment
£436,220
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BOUTIQUE MICRO HOTEL/VRBO INCOME PROPERTY | 44 Williams Ave
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