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68-70 Black Point Road, East Lyme CT 06357
Current Price: $3,895,000
14 beds
10 baths
5907 sq. ft
Last Update: 6/21/2025
Property Type: Multi-Family For Sale
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 Connecticuts 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.
Coming Westward from Rope Ferry Rd. take a left onto Black Point Rd. and property is 0.3mi in on your left.
MLS #: 24077288
Style: Other
Color:
Total Rooms:
Bedrooms: 14
Bathrooms: 10
Acres: 2.27
Year Built: 1950 (Public Records)
New Construction: No/Resale
Home Warranty Offered:
Property Tax: $12,908
Zoning: R40
Mil Rate:
Assessed Value: $489,860
Potential Short Sale:
Square Footage: Estimated HEATED Sq.Ft. above grade is 5907; below grade sq feet total is ; total sq ft is 5907
Basement Desc.: | Full |
Exterior Siding: | Vinyl Siding |
Foundation: | Concrete,Slab |
Roof: | Asphalt Shingle |
Garage/Parking Type: | None |
Swimming Pool: | 0 |
Waterfront Feat.: | Walk to Water |
Lot Description: | Secluded,Lightly Wooded,Level Lot |
Occupied: | Tenant |
Hot Water System
Heat Type:
Fueled By: Baseboard.
Cooling: Window Unit
Fuel Tank Location: In Basement
Water Service: Public Water Connected
Sewage System: Septic
Elementary: Lillie B. Haynes
Intermediate:
Middle:
High School: East Lyme
Current List Price: $3,895,000
Original List Price: $4,200,000
DOM: 113
Listing Date: 2/28/2025
Last Updated: 4/28/2025 11:33:22 AM
List Agent Name: Adam Velez
List Office Name: eXp Realty