17-23 HANCOX ST
15-unit waterfront apartment building located within the Stonington Borough. Walking distance to local restaurants, shops and activities. Location providing strong demand from large supply of local renters. Private dock on site providing direct water access for current tenants as well as additional revenue.
Investment property with current full occupancy. Annual net operating income in excess of $99k. Debt service coverage ratios of 1.25 providing opportunities for leveraged as well as cash investors. Inquire with listing agent for comprehensive marketing packet.