68-70 Black Point Rd East Lyme, CT 06357
Niantic NeighborhoodEstimated payment $21,671/month
Highlights
- 2.27 Acre Lot
- Walking Distance to Water
- Baseboard Heating
- East Lyme Middle School Rated A-
About This Home
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.
Listing Agent
eXp Realty Brokerage Phone: (860) 961-6040 License #RES.0815567 Listed on: 02/28/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,721
Year Built
- Built in 1950
Home Design
- Concrete Foundation
- Slab Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 5,907 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 14 Bedrooms
- 10 Full Bathrooms
Schools
- Lillie B. Haynes Elementary School
- East Lyme High School
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Heating System Uses Oil
- Fuel Tank Located in Basement
Additional Features
- Walking Distance to Water
- 2.27 Acre Lot
Community Details
- 11 Units
Listing and Financial Details
- Assessor Parcel Number 1467457
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/28/2025 04/28/25 | Price Changed | $3,895,000 | -2.5% | $659 / Sq Ft |
| 03/22/2025 03/22/25 | Price Changed | $3,995,000 | -4.9% | $676 / Sq Ft |
| 02/28/2025 02/28/25 | For Sale | $4,200,000 | -- | $711 / Sq Ft |
Source: SmartMLS
MLS Number: 24077288
APN: ELYM M:011.4 B:00128 L:00000
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