See and smell the saltwater from this rare multi-family in highly desirable Waterford just a short distance to beaches, boardwalks, restaurants, and all the amenities that downtown Niantic offers. An investment dream, cash flow immediately with this turn-key, updated up and down two-family. Each unit has 2 bedrooms and 1 bathroom. Both units have lots of updates, 2nd floor apt has been recently renovated with newer windows throughout, hardwood floors, a new kitchen, and an updated bathroom. 1st Floor apt has many upgrades, both units have high-efficiency heat pump 50-gallon electric hot water tanks. All appliances are relatively new and in excellent working condition. 100% occupancy rate for last 10 years with many multi-year tenants. Ample off-street parking for at least 4 cars, a storage shed, and a large backyard that once housed a majestic garden. Both leases expire May 31 and are below market rate. Boating, fishing, running, walking, etc... all in your backyard. Perfect investment property, owner-occupied, short-term rentals, or a vacation getaway.
Tenants in place so showings will be restricted to certain hours. Check Showing time.
Multi-familyProperty Type
1935Year Built
0.3 acresLot Size
$242Est. Price/Sq.Ft.
Listed by John Poulsen• Redfin Corporation
Bought with Lu-Ann Perkins• William Raveis Real Estate
Source:Smart MLS #170485890
Redfin Estimate
$488,185
$120K since sold in June 2022$4,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 9.9% lower than the average sale price ($542K) of 6 comparable homes.