HomesCondosMultisRentalsCommercialLand
47 Hartford, Old Lyme, CT 06371
   
47 Hartford, Old Lyme, CT 06371
INVEST,OFFICE,RESINC,RETAIL,OTHER | 5,134 Sqft

$325,000
247 Days on Market - Active


Very rare investment opportunity to own a piece of old lyme history. once was the old lyme post office back in the day as well as a pizza shop and the original candy store. just steps away from the beach, 47 hartford ave is in the soundview village district zone. current mixed-use setup includes two street level retail store spaces, the 2nd & 3rd floor contains residential space and a separate detached cottage also exists in the rear of the property. restore this landmark building or start from scratch. if commercial isn’t your wheelhouse, then why not convert the two lower-level commercial spaces into residential with summer weekly rates and then lease academically in the off season. the possibilities for this project are endless and a solid roi is very easy to achieve. whether a long term play or a short term, there is money to be made. for those who are in business and are about to experience a halt with construction as the economy takes a big hit, this may be a good place for you to utilize the labor you are going to have to carry during the slump, so why not invest in a project that will give you something to really sink your teeth into and come out on the other side with large profits.

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Details
  • 4 Units
  • 0.13 Acres
  • Built in 1930

Sqft
  • 5134 Total Sqft

Parking
  • 0 Total Spaces

Location
  • Level Lot
  • TOWN

Business

    Financials
      - No Data -

    Utilities
    • No Heat
    • Other Fuel
    • Public Water Avail, Private Well
    • Septic

    Taxes
    • $178,700 Assessment
    • 23.50 Mill Rate
    • $4,199 Taxes

    Source
    • CT Smart MLS
    • MLS ID 170587696

    Real Estate Agent


    Map of 47 Hartford, Old Lyme, CT 06371

    Directions to 47 Hartford, Old Lyme, CT 06371
    95 North or South Exit 70, go down 156 towards Soundview Beach, Take right onto Hartford Ave

    Go To Google Maps for Directions


    Mortgage Calculator
    Loan Type: 30yr Fixed   |   Interest Rate: 7.17%   |   Purchase: $325,000   |   Downpayment @ 3.50%: $11,375

    Mortgage Payment Estimate
    for a 30yr Fixed Rate Loan

    Monthly
    $2,472


    Monthly Cost Estimate: $2,472
    • Mortgage: $2,122
    • Taxes: $350
    • Insurance: $0
    • HOA: $0
    • Utilities: $0

    Yearly Cost Estimate: $29,669
    • Mortgage: $25,470
    • Taxes: $4,199
    • Insurance: $0
    • HOA: $0
    • Utilities: $0

    30yr Cost Estimate: $901,439
    • Mortgage: $764,094
    • Taxes: $125,970
    • Insurance: $0
    • HOA: $0
    • Utilities: $0
    • Downpayment: $11,375

    Go To Mortgage Calculator

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    This real estate listing for sale at 47 Hartford is presently used as with 5134 total sqft and was built in 1930. It is located in the Old Lyme, CT area with the 06371 zip code. For more info about the property at 47 Hartford, Old Lyme, CT 06371 or if you would like to schedule a showing, please contact the listing agent above.

    Data sourced from CT SMART MLS and was last updated January 01, 1970. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.