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 7.794%, 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: 7.794% * Price: $1,000,000.
24019869
Residential - Multi-Family, Other
8
7 Full
1900
New London
0.23
Acres
Vinyl siding
Public Sewer
Loading...
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
Walk Score
Transit Score
Bike Score
Loading...
Loading...