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$ 3,700,000
Est. payment /mo
Active
9 School (4 and 6 School Place)(Mystic) Street Stonington, CT 06355
12 Beds
6 Baths
4,962 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,962 sqft
Price per Sqft $745
Subdivision School Place Properties
MLS Listing ID 24175981
Style Units on different Floors
Bedrooms 12
Full Baths 6
Year Built 1910
Annual Tax Amount $17,662
Lot Size 0.310 Acres
Property Sub-Type Other
Property Description
Exceptional opportunity to acquire a thriving six-unit short-term rental portfolio in the heart of Mystic, Ct. Offered as three well-maintained buildings with six guest accommodations, this turnkey hospitality operation provides immediate income in one of New England's most desirable coastal destinations. Located within walking distance of Historic Downtown Mystic, the portfolio benefits from strong year-round demand driven by waterfront attractions, acclaimed restaurants, boutique shopping, marinas, entertainment venues, and a vibrant tourism economy. Guests enjoy convenient access to Mystic's most popular destinations, helping drive occupancy and repeat visitation. The portfolio includes six thoughtfully appointed accommodations across three separate buildings, creating multiple revenue streams and operational flexibility. The properties have been carefully maintained and are positioned for continued success under new ownership. Unlike traditional multifamily investments, this offering represents an established lodging business with immediate cash flow and future growth potential. The combination of location, scale, and guest appeal creates a rare opportunity to acquire a hospitality asset in one of Connecticut's premier tourism markets. Whether expanding an existing portfolio or entering the short-term rental industry, this unique Mystic offering delivers proven income, operational flexibility, and long-term value. Financial and operational information availabl
Location
State CT
County New London
Zoning RH-10
Rooms
Basement Crawl Space, Full, Full With Hatchway
Interior
Heating Hot Air
Cooling Central Air
Exterior
Parking Features Paved, Off Street Parking, Driveway
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Melissa Guerrero • William Pitt Sotheby's Int'l