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454 Norwich Westerly Road

North Stonington, CT 06359
  • $599,000
  • STATUS: Active
  • MLS #: 24005073
UPDATED: 72 min ago
$599,000
  • 7
    BEDS
  • 3.83
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Single-Family Home
Built:
1947
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Unique opportunity! Airbnb potential! 4 single family houses on one record, 5 minutes from Foxwoods. One of the houses is a tear down. Two of the homes are in a good shape, 2BR and 1BA each, one rented at $1250. and one at $1300., excellent tenants. Last home is an Airbnb, 3BR, 1BA, excellent condition, fully furnished and operating. The Airbnb unit sleeps 6. $359/weekend night, $129/weeknight as compared to Foxwoods hotel which is $600+ on weekend nights, approx. $42,603/year gross. Conveys fully furnished with future bookings. Value of the furnishings is about $22,000 new, materials and labor. Total gross income: House 1 - $0., House 2 - $1250/mo. = $15000/yr., House 3 - $1300/mo. = $15,600/yr., House 4 - $3550/mo. = $42,603/yr. Airbnb proforma $6100.25/mo.= $73,203/yr. Well and septic. Owner paid propane heat, electricity, and Wi-Fi at the Airbnb unit, 300-$350/mo. $3,600-$4,200/year. Insurance - $5302.08/year. Taxes - $5444.62/year. All other houses tenant paid utilities. No deferred maintenance or problems in the 3 houses. Owner looking for offers!!!

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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 2024 SmartMLS, Inc. Data last updated: 2024-06-12T16:18:21.367.
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454 Norwich Westerly Road North Stonington, CT 06359

  • Price: $599,000
  • Status: Active
  • On Site: Days
  • Updated: 72 min ago
  • MLS #: 24005073
7
Beds
3
Baths
0
½ Baths
3.83
Acres
1947
Built
County:
New London
Area:
N Stonington
Elementary School:
North Stonington
Middle School:
Wheeler
High School:
Wheeler
Property Description
Unique opportunity! Airbnb potential! 4 single family houses on one record, 5 minutes from Foxwoods. One of the houses is a tear down. Two of the homes are in a good shape, 2BR and 1BA each, one rented at $1250. and one at $1300., excellent tenants. Last home is an Airbnb, 3BR, 1BA, excellent condition, fully furnished and operating. The Airbnb unit sleeps 6. $359/weekend night, $129/weeknight as compared to Foxwoods hotel which is $600+ on weekend nights, approx. $42,603/year gross. Conveys fully furnished with future bookings. Value of the furnishings is about $22,000 new, materials and labor. Total gross income: House 1 - $0., House 2 - $1250/mo. = $15000/yr., House 3 - $1300/mo. = $15,600/yr., House 4 - $3550/mo. = $42,603/yr. Airbnb proforma $6100.25/mo.= $73,203/yr. Well and septic. Owner paid propane heat, electricity, and Wi-Fi at the Airbnb unit, 300-$350/mo. $3,600-$4,200/year. Insurance - $5302.08/year. Taxes - $5444.62/year. All other houses tenant paid utilities. No deferred maintenance or problems in the 3 houses. Owner looking for offers!!!
Exterior Features

Color Tan Direct Waterfront YN No Exterior Features PorchGuttersLighting Exterior Siding Vinyl Siding Garage And Parking Detached Garage Lot Description Level Lot Roof Information Asphalt Shingle Style Cape Cod Swimming Pool YN No Waterfront Description Not Applicable

Interior Features

Appliances Included Oven/RangeMicrowaveRefrigerator Attic Description Walk-up Attic YN Yes Basement Description FullUnfinishedInterior AccessFull With Hatchway Cooling System Window Unit Fireplaces Total 0 Heat Type BaseboardHot Air Rooms Bedroom (Main Level) Bedroom (Main Level) Primary Bedroom (Main Level) Full Bath (Main Level) Primary Bedroom (Main Level) Bedroom (Main Level) Kitchen (Main Level) Full Bath (Main Level) Bedroom (Main Level) Kitchen (Main Level) Full Bath (Main Level) Kitchen (Main Level) Primary Bedroom (Main Level) Sq Ft Est Heated Above Grade 2998 Sq Ft Total 2998 Total Rooms 10

Property Features

Agent Owner YN No Bank Owned Property No Foundation Type Concrete Fuel Tank Location In Basement Heat Fuel Type OilPropane Home Owners Assocation No Home Warranty Offered YN No Hot Water Description OilPropaneDomestic Intermediate School Per Board of Ed New Construction Type No/Resale Potential Short Sale No Radon Mitigation Air YN Unknown Radon Mitigation Water YN Unknown Sewage System Septic Tax Year July 2023-June 2024 Water Source Shared Well Zoning R80

Listing information © 2024 Smart MLS
Listing provided courtesy of Michelle Lorenzetti of Premier R.E. Investment Group: (860) 335-0681.


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 2024 SmartMLS, Inc. Data last updated: 2024-06-12T16:18:21.367.
 
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