7 Griswold Avenue Old Lyme CT 06371Active

MLS # 24027842     Days on Market: 21


Property Brief

Explore this exceptional investment opportunity in Old Lyme, CT, ideally positioned right off I-95 and close to the picturesque White Sand Beach Town Beach. This property features two separate units, making it a versatile choice for investors interested in both long-term rentals and short-term accommodations such as Airbnb, or for owner-occupants seeking a residence that can also generate income. The front unit offers a practical layout with three bedrooms and one bathroom, perfect for families or individuals looking for accessible, comfortable living. The second unit includes two bedrooms and one bathroom, complemented by an attached garage, adding convenience and value. This arrangement is ideal for owner-occupants looking to offset their mortgage payments and increase cash flow through rental income. Located near a popular local attraction, the propertys proximity to the beach enhances its appeal for short-term vacation rentals while maintaining steady demand for long-term leases. This strategic location not only provides excellent rental income potential but also offers flexibility in rental strategy to adapt to various market needs and preferences. Whether youre looking to expand your rental portfolio, start in real estate investment, or find a home that helps pay for itself, this multi-unit property in Old Lyme represents a smart buy with significant income potential, ideal for diversifying your investment approach.


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  • Address : 7 Griswold Avenue
  • Town : Old Lyme
  • State/county : Connecticut
  • Zip/Postal Code : 06371

Property Details

  • MLS ID : 24027842
  • Property Type : Multi-Family For Sale
  • Property status : Active
  • Property Price : $465,000
  • Rooms :
  • Bedrooms: 5
  • Bath: 2
  • Garages: 1
  • Year Built: 1920

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