Price Reduced 5.00%

$950,000

Under Contract

Est. Mortgage $4,804/mo *

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Price History

$1,000,000
6/12/2024

$950,000
8/1/2024

27 Moss Street, Stonington, (Pawcatuck), CT, 06379

27 Moss Street, Stonington, (Pawcatuck), CT, 06379
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5 beds

4 Full baths

1900

3,507 sqft

Opportunity Knocks: Don't miss out on this lucrative investment! Whether you're a seasoned investor or a first-time buyer, this 6-unit property in Pawcatuck promises both stability and growth potential. Investment Highlights: * Strong Cap Rate: At 9.25%, this property offers an attractive return on investment. * Steady Demand: Pawcatuck's growing economy ensures consistent tenant demand. * Historic Charm: The property's character and location appeal to renters seeking authenticity. Key Features: 1. Prime Location: Situated in the charming village of Pawcatuck in the town of Stonington, this property enjoys proximity to Westerly, Rhode Island, and historic commercial ties. 2. Industrial Base: Retaining its industrial heritage, the neighborhood hosts companies like Davis-Standard, Cottrell Brewery, and Hi-Tech Profiles. 3. Sport Fishing Hub: Marinas support an active sport fishing industry, attracting enthusiasts year-round. 4. Retail and Arts Scene: Pottery and jewelry studios add to the vibrant local arts community. Property Overview: * Unit Count: 6 * Cap Rate: 9.25%

Status:

Under Contract

Town:

Stonington

Type:

Commercial

Units:

6

Zoning:

RH-10

Frontage:

Municipal Street,Paved Road

Heating:

Baseboard

Cooling:

None

Acreage:

0.23

Est. Taxes:

$7,814

Assessment

$410,200

Current Use

Apartment Residential Income

Utilities

Electric,Gas,Phone Available,Cable Available

Lot Description:

Level Lot,Cleared

Days on Market:

102

MLS #:

24024984

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Bill Fain, William Fain Email: bill@Fanrei.com