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678 Colonel Ledyard Hwy, Ledyard, 06339

Multi-Family - 2 Family For Sale

$399,000

5Beds
2/2Baths
2,483Sqft
1.15Acres
1931Built
16DOM
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

Amenities

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

Interior

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

Exterior

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

Financials

$/SqFt: $161

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

IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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