multifamily
3,791 SF 4 Family
19 Pearl Street
Groton, Connecticut 06355
Price
$1,595,000
Price/SF
$420.73/SF
Building Size
3,791 SF
Lot Size
0.22 acres
Year Built
1844
NOI
$60,890
Units
4
Property Description
Historic Downtown Mystic Well Maintained 4 Family Home. This exceptional income-producing property featuring 2 legally approved Airbnb units (town of Groton) with private parking-offering generous revenue potential. 100 percent Occupied with one year lease. This special property features two covered porches and valuable off-street parking, just steps from Mystic's renowned shops, acclaimed restaurants, the iconic Bascule Bridge, sailing, kayaking, and year-round waterfront activities. The building offers three one-bedroom, one-bath apartments plus a second floor spacious three-bedroom, 2.5-bath residence, ideal for owner occupancy, long-term rental, or continued short-term use. A proven and lucrative Annual and VRBO rental history enhances its investment appeal. An outstanding opportunity in one of Connecticut's most sought-after coastal destinations-perfect for investors, second-home buyers, or those seeking to live in downtown Mystic while generating income. Very well maintained. Shared Laundry in Basement. Excellent Location and Value!
Additional Details
Zoning
R-7
MLS Number
24150377
Property ID
1caff166-c77f-4b4a-ac6a-e6909619a684
MLS Information
MLS#: 24150377
Listed by: William Pitt Sotheby's Int'l
Agent: Judith Caracausa • (860) 912-9903 • buymystic@aol.com
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