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678 Colonel Ledyard Hwy, Ledyard, 06339

Multi-Family - 2 Family For Sale


MLS® #: 170387131
Active, 16 Days on Market

Two-Family with restaurant. A great mixed-use investment opportunity! Located on Colonel Ledyard Highway, this property is the beneficiary of a daily traffic count of roughly 5,000 vehicles per day and is highly visible from the road. The property currently generates a gross rental income of $43,200 annually. The property consists of one commercial space currently used as a restaurant - currently paying $1,800/month. The two-family residence pays $900/month per unit. Three rentable units in total. All units are leased with long-term tenants in place and a great rental history. The restaurant offers multiple indoor and outdoor dining areas, serving stations, a full and well-equipped kitchen, two restrooms, and additional storage space. The two-family residence offers a 2 bedroom / 1 bathroom unit on the main floor and a 3 bedroom / 1 bathroom unit consisting of the 2nd and 3rd floors. Each unit has its own washer & dryer hookups. Electrical and heating have been upgraded and separated by unit. A new septic system is in place for the restaurant space. Truly a turnkey investment opportunity. Ask your agent for a comprehensive property information packet. Also listed commercial - MLS#170382265

Essential Information

MLS® #: 170387131
Price: $399,000
Bedrooms: 5
Bathrooms: 2/2
Full Baths: 2
Half Baths: 2
Square Footage: 2,483
Acres: 1.15
Year Built: 1931
Type: Multi-Family
Sub-Type: 2 Family
Style: 2updown - Unit(S) per Floor
Status: Active

Community Information

Address: 678 Colonel Ledyard Hwy
Area: N/A
City: Ledyard
County: New London
State: CT
Zip Code: 06339


Parking: Off Street Parking, Parking Lot
Garages: Off Street Parking, Parking Lot
Waterfront: Not Applicable


Heating: Baseboard, Oil
Cooling: Central Air, Window Unit


Exterior: Vinyl Siding
Lot Description: Level Topography
Roof: Asphalt Shingle
Construction: Frame
Foundation: Concrete

School Information

Elementary: Per Board of Ed
High: Per Board of Ed

Additional Information

Date Listed: April 6th, 2021
Days on Market: 16
Zoning: LCV2

Listing Details

Listing Office: Seaport Real Estate Services


$/SqFt: $161

©2021 Listings courtesy of the Connecticut Multiple Listing Service, Inc.

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Listing data is deemed reliable but is not guaranteed accurate by the MLS.