454 Norwich Westerly Road, North Stonington, CT 06359

$599,000 Asking Price

7 beds
3 baths
2,998  sqft
Built in 1947

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!!!


Features & Amenities

Interior

Appliances:
Oven/Range,Microwave,Refrigerator
Basement:
Full,Unfinished,Interior Access,Full With Hatchway
A/C:
Window Unit
Heating:
Baseboard,Hot Air, Oil,Propane
Fireplace:
Fireplaces: 0

Exterior

General:
Porch,Gutters,Lighting
Style:
Cape Cod

Construction

Roofing:
Asphalt Shingle

Location

County:
New London

Lot

Zoning:
R80, 1535916

Utilities

Water:
Shared Well
Sewer:
Septic

This listing courtesy of:
Premier R.E. Investment Group, Michelle Lorenzetti

About North Stonington, CT

Housing

Number of Units
2,226
Median Home Value
$287,508
Median Rent
$869

9.80% of housing units are renter occupied.

9.33% are vacant.

Commute

Car
70.61%
Public Transportation
0.66%
Walk to Work
0.00%
Work from Home
28.69%
Other
0.00%

The median travel time to work is 22 minutes.

People

Population
5,177
Median Age
47.20
Median Household Size
2.60

Education

High School
27.59%
Associate’s Degree
6.03%
Bachelor’s Degree
22.83%
Graduate Degree
16.76%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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