Closed

17 Hancox Street

Stonington CT, 06378

$3,575,000


$382.60 per sqft

Closed

9,344 sqft

Commercial

Built in 1939

Unlock Your Investment Potential w/ this Private Waterfront Condo Complex. Are you seeking a strategic real estate investment that combines luxurious coastal living w/ income-generating potential? Look no further than 17 Hancox Street, a 15-unit condominium complex nestled along the serene shores of Stonington, CT. This property offers a rare chance to diversify your portfolio & tap into the highly sought-after waterfront market. Commanding panoramic water views & direct waterfront access, this condo complex is a magnet for renters & buyers alike. Tenants will savor the allure of coastal living while you reap the benefits of high-demand real estate. With 15 individual units (12 units recently fully updated), you'll have a steady stream of rental income, ensuring a reliable return on your investment. Capitalize on the evergreen appeal of waterfront living in this coveted location. Tenants are drawn to the luxurious amenities, including access to a private dock, ideal for swimming, sunbathing, or launching your kayak for a leisurely paddle. Waterfront paver patios w/fire pits, provides the perfect setting for gatherings & relaxation. Location, Location, Location: Stonington, CT, is a picturesque coastal town known for its charm & maritime history. The value of waterfront real estate remains resilient over time. Invest w/confidence, knowing that your property is poised for steady appreciation, offering a secure long-term investment

170595705

MLS ID

September 5, 2023

Listed

May 9, 2024

Updated

Map

17 Hancox Street
Stonington CT, 06378

Interior Features

Interior Features

Vinyl


Floor Description

Vinyl


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Electric, Hot Water

Exterior/Building Features

Lot Size

0.37 Acres


Lot Features

Level


Roof

Asphalt


Sewer

Public Sewer

Other Property Details

Area Name

Stonington Borough


Taxes

$45,486


Tax Frequency

Annually


Days on Market

36


Garage

No


Parking

Off Street


View

No


County

New London


Water Source

Public


Pool

No


Zoning

R-1

Listed by Mark Riesbeck with Berkshire Hathaway NE Prop.
Listing Contact: 8608746629 

The IDX display contains information sourced from the  Smart MLS, Inc as of 5/9/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 5/9/2024 at 6:25 AM UTC

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