Sold
Last Sold Price
11 beds5,800 sqft
40 Boston Post Rd, East Lyme, CT 06333
Multi FamilyProperty Type
2 acresLot Size
1850Year Built
$147/sq ftPrice per sq ft

Description

Rare opportunity to own 8 Units in East Lyme CT. This portfolio comprises of two lots. Lot #1 MLS #(170548332) 46 Boston Post Road is a 3bd, 1,500 sq/ft single family on an adjacent lot. Lot #2- 40-44 Boston Post Road consists of two single family homes and a 5-unit multifamily. These properties have beautiful views of Latimer Brook and Banning Cove. Commercially zoned 2 acre lot. This could be a perfect location for Airbnb rentals or realize the upside by increasing the below market rents. Single...Rare opportunity to own 8 Units in East Lyme CT. This portfolio comprises of two lots. Lot #1 MLS #(170548332) 46 Boston Post Road is a 3bd, 1,500 sq/ft single family on an adjacent lot. Lot #2- 40-44 Boston Post Road consists of two single family homes and a 5-unit multifamily. These properties have beautiful views of Latimer Brook and Banning Cove. Commercially zoned 2 acre lot. This could be a perfect location for Airbnb rentals or realize the upside by increasing the below market rents. Single Family is available separately. Year built is an approximate of all buildings. Property to be sold as is. Other two Units are the 1bd, 1bath single family and a 2bd /1 bath single family. Rented for $850 and $1,050 respectively. Price includes 46 Boston Post Road (Single Family on separate deed)
  • Listed by: Brendon Mansaku 860.605.7434 brendon.lisacozziteam@bhhsne.com • Lakeshore Realty
Listing closed: 05/01/2023 12:00 AM • Source: SMARTMLS, MLS#: 170547913

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Recent comparable sales

Median sold price

$870,000

Avg days on market

34

Sale-to-list ratio

97.9%

East Lyme, CT

9 comparable properties found

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Location

Listing Courtesy of Lakeshore Realty, Brendon Mansaku

Sold By Lakeshore Realty, Ilir Dedvukaj

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$5,224 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,538

Property Taxes

$686

HOA Dues

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Property Information for 40 Boston Post Road

Property Details
  • Taxes: $8,229 / year
  • MLS Type: Multi-Family / 5 Family+
  • Basement Description: Full
  • Direct Waterfront: Yes
  • Garages Number: 0
  • Neighborhood: Flanders Village
  • Garage Parking Info: Parking Lot
  • Swimming Pool: No
Building Information
  • Residences: 8
  • Year Built: 1850
  • Lot Size: 2.00 AC / 87,120 SF
Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Accessible. Best to park at 40 Boston Post Road - Large parking lot.
  • Elementary School: Flanders
  • High School: East Lyme
  • Latitude: 41.369804
  • Longitude: -72.19829
  • State: Connecticut
  • Street No Extension: 44
HOA and Fees
  • Home Owner's Assocation: No
  • Property Tax: $8,229
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Direct Waterfront, River
Interior Features
  • Cooling System: Window Unit
  • Heat Type: Baseboard, Radiator
  • Attic YN: No
  • Rooms Total: 0
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding, Wood
  • Foundation Type: Block, Stone
  • Fuel Tank Location: In Basement
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle, Metal
  • Year Built: 1850
  • Year Built Source: Approximate
  • Bank Owned Property: No
Lot Information
  • Lot Description: Water View, Level Lot
  • Parcel Number: 1470985
  • Sq Ft Est Heated Above Grade: 5800.0
  • Sq Ft Total: 5800.0
  • Zoning: CA
Utilities
  • Heat Fuel Type: Electric, Natural Gas, Oil
  • Hot Water Description: 65 Gallon Tank, Electric
  • Sewage System: Septic
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 37000
  • Gross Annual Income: 110000
  • Net Operating Income: $73,000
  • Occupied By: Tenant
  • Total Number of Units: 8
  • Total Rooms Multi Family: 0
Building Details
  • Unit Count: 6
Unit 1
  • Lease: Monthly
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 02-02-2023
  • Unit Monthly Rent: $1,050
  • Unit Num Bedrms: 1
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Monthly
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 02-02-2023
  • Unit Monthly Rent: $1,300
  • Unit Num Bedrms: 2
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Monthly
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 02-02-2023
  • Unit Monthly Rent: $1,100
  • Unit Num Bedrms: 2
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Monthly
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 02-02-2023
  • Unit Monthly Rent: $1,175
  • Unit Num Bedrms: 2
  • Unit Occupied By: Tenant
Unit 5
  • Lease: Monthly
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Modified Date: 02-02-2023
  • Unit Monthly Rent: $850
  • Unit Num Bedrms: 1
  • Unit Occupied By: Tenant
Unit 6
  • Unit Average Sq Ft: 1500
  • Unit Entry Order: 1
  • Unit Full Baths: 2
  • Unit Modified Date: 02-02-2023
  • Unit Monthly Rent: $2,300
  • Unit Num Bedrms: 3
  • Unit Occupied By: Vacant

Schools near 40 Boston Post Road

This home is within East Lyme School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Public - K to 4
Rating
School
Distance
East Lyme Middle School
Public5 to 8

East Lyme High School
Public9 to 12

Niantic Center School
PublicK to 4

Lillie B. Haynes School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 40 Boston Post Road, East Lyme, CT 06333
$850,000
11
5,800
87,120
$850,000
–
–
–
74,772
$250,000
3
1,484
14,374
$350,000
3
2,106
41,817
$35,000
2
2
1,436
16,534
$1,750,000
–
2
7,151
–

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Lakeshore Realty, Brendon Mansaku

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.