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.
East Lyme is located in Connecticut. East Lyme, Connecticut has a population of 18,798. East Lyme is more family-centric than the surrounding county with 31.45% of the households containing married families with children. The county average for households married with children is 27.48%.
The median household income in East Lyme, Connecticut is $98,987. The median household income for the surrounding county is $79,040 compared to the national median of $69,021. The median age of people living in East Lyme is 48.7 years.
The average high temperature in July is 80.7 degrees, with an average low temperature in January of 21 degrees. The average rainfall is approximately 50.1 inches per year, with 26.1 inches of snow per year.
