Mystic Short-term/Long-term Rental Property
Mystic, CT
Offered for sale at $2,625,000
Discover an exquisite opportunity in the heart of Mystic with this stunning opportunityat 44 Williams Ave. Boasting a three-story, 3,577 square foot building, this investment offers a turnkey short-term or extended stay operational business that promises both elegance and convenience.
44 Williams Ave, Mystic provides effortless accommodation managementwith processes tailored for on-line bookings, such as AIRbnb, VRBO, and others. The keyless entry system, provides a secure and contactless check-in and check-out process. Guests will appreciate the ease and safety of accessing the property without the need for physical keys. There is a State-of-the-Art Security System providing peace of mind with remote access, allowing owners to keep an eye on the property from anywhere in the world.
HIGHLIGHTS:
• Energy-Efficient: Fully gutted and remodeled in 2023, the property boasts a complete overhaul, featuring brand-new high-efficiency appliances, top-tier finishes, and energy-saving solar panels. Each Suite is furnished including soft goods and stocked kitchens.
• Prime Location: Nestled within minutes’ walk to downtown Mystic, the iconic drawbridge, and the picturesque waterfront, this property offers unrivaled access to a myriad of restaurants, shops, and local attractions. Only 1/2 mile from the Train Station providing easy access to Boston and NYC.
• Sophisticated Suites: Consisting of three studios and a captivating two-level, three-bedroom penthouse, each suite has been meticulously remodeled to offer a blend of opulence and comfort, ensuring an unforgettable stay for guests.
• Ample Parking: Enjoy the convenience of ample private, Eleven free on-site surface parking, a rare commodity in this bustling tourist destination.
Property Details- 6 Guest Rooms
- 5 Guest Room Baths
- Built in 1940
- Last Renovated in 2023
- Opened in 2024
- Building is 3,577 SQFT
- Lot is 0.17 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $2,625,000
- Occupancy Rate: 55.21
- Average Daily Rate: 387.58
- Annual revenue is $328,010
- Terms: Financials Based on Year One Pro-Forma
- Prequalify for Financing
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