26 Palmer, Stonington, CT

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26 Palmer, Stonington, CT

Overview

Pawcatuck 3-Family: Live in One Unit, Let Two Pay You Great opportunity in desirable Pawcatuck, CT! This 3-family home works well for an investor or an owner-occupant. The first floor has a 3-bedroom, 1-bath unit with a nice deck for relaxing or entertaining. The second floor has two 1-bedroom units. Live in one unit and let the rents from the other two help cover most, if not all, of your mortgage. A large unfinished walk-up attic gives you plenty of storage, and a private, shared paved driveway adds convenience. It's an easy walk to downtown Pawcatuck and Westerly, RI, with restaurants, shops and parks close by, and the Rhode Island beaches are less than 5 miles away. The big-ticket items are already done. The roof, siding and furnace were all replaced around 2017, and the windows were replaced in 2008. The building has one heating system now, but the heat and utilities could be split by unit with some investment, which would add long-term value. The home mainly needs cosmetic updates, so a little old-fashioned elbow grease could make it a real gem. Don't miss this chance to own a multi-family property in one of the area's most walkable locations. Schedule your showing today!

Property Details