Welcome to Shady Oaks. This multifamily property consists of 8 separate cottages. 7 (1bd/1ba)/(Studio) cottage apartments that range from 450-600 sq/ft. 1 (2bd/1ba) single family home that is 818 sq/ft. Huge upside in raising rents on these year-round apartments or by possibly converting them into Airbnb/short term rental. Big value add play, potential to turn this property into 9 or 10 units total. A fire damaged duplex at the front of the property is waiting to be rebuilt. Seller has approvals for a single family on the same footprint. Proximity to the ocean, casinos, downtown Mystic CT, and more. Great location for tenants/short term rental. Great tenants currently! Please see financials attached in downloads for more detailed breakdown of each unit utilities. All units pay their own heat, hot water, and electric.
Sold for $732,500
Zillow last checked:
Listing updated:
Bought with:
Brian Sherwood
Keller Williams Realty
Source: Smart MLS,MLS#: 170569789
Price history
| Date | Event | Price |
|---|---|---|
| 3/1/2024 | Sold | $732,500-10.1%$153/sqft |
Source:  Smart MLS #170569789 Report a problem | ||
| 2/22/2024 | Contingent | $815,000$170/sqft |
Source:  Berkshire Hathaway HomeServices New England Properties #170569789 Report a problem | ||
| 12/6/2023 | Listed for sale | $815,000$170/sqft |
Source: Smart MLS #170569789 Report a problem | ||
| 10/12/2023 | Contingent | $815,000$170/sqft |
Source: Berkshire Hathaway HomeServices New England Properties #170569789 Report a problem | ||
| 10/12/2023 | Pending sale | $815,000$170/sqft |
Source: Berkshire Hathaway HomeServices New England Properties #170569789 Report a problem | ||
| 10/3/2023 | Price change | $815,000-9.4%$170/sqft |
Source: Smart MLS #170569789 Report a problem | ||
| 6/2/2023 | Pending sale | $900,000$188/sqft |
Source: Berkshire Hathaway HomeServices New England Properties #170569789 Report a problem | ||
| 6/2/2023 | Contingent | $900,000$188/sqft |
Source: Smart MLS #170569789 Report a problem | ||
| 5/16/2023 | Listed for sale | $900,000$188/sqft |
Source: Smart MLS #170569789 Report a problem | ||
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$944,000
2% more
+$18,880
With Zillow Showcase(estimated)
$962,880
