77 Mechanic Street Open House Save Request In-Person Tour Request Virtual Tour
Stonington,CT 06379
OPEN HOUSE
Sat Nov 08, 11:00am - 1:00pm
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,755 sqft
Price per Sqft $210
MLS Listing ID 24130213
Style Units on different Floors
Bedrooms 3
Full Baths 2
Year Built 1880
Annual Tax Amount $3,674
Lot Size 10,454 Sqft
Property Sub-Type 2 Family
Property Description
Investors! Check out this multi-family property nestled between the seaside charm of Stonington Borough, the mill-village character of Pawcatuck, and a short trip to beaches in Westerly, RI. Comprising 2 units with flexible 1 and 2 bedroom layouts, this property combines steady cash flow with latent upside plus an enviable location that tenants will love. Just moments from the iconic Stonington Lighthouse Museum, Stonington Harbor, and the quaint boutiques, galleries, and cafes along Water Street. The Pawcatuck side provides its own character underscoring the area's rich industrial past. This building offers residents true walkability. Inside, each unit offers separate utilities, ample storage options, and appliances. The building itself is well-maintained and offers an additional selling feature with a detached covered garage. From here, commuter connections are seamless being just minutes from I-95. The area's increasing attractiveness gives this asset unique appeal in a competitive market. Offering a stable, cash-flowing platform with clear paths for rental growth and amenity enhancements, this property is more than a building - it's a lifestyle investment. For those who value location, walkability, and character, this is an opportunity that checks every box. Schedule a private showing and explore how this property can anchor your next portfolio move.
Location
State CT
County New London
Zoning PV-5
Rooms
Basement Full,Unfinished,Shared Basement,Sump Pump,Storage,Hatchway Access,Concrete Floor
Interior
Heating Baseboard
Cooling None
Exterior
Parking Features Detached Garage,Covered Garage,Paved,Off Street Parking,Assigned Parking
Garage Spaces 1.0
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Lightly Wooded,Historic District
Foundation Brick,Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools West Vine
High Schools Stonington