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Listed by John W Poulsen of Redfin Corporation
See and smell the saltwater from this rare multi-family in highly desirable Waterford just a short distance to beaches, boardwalks, restaurants, and all the amenities that downtown Niantic offers. An investment dream, cash flow immediately with this turn-key, updated up and down two-family. Each unit has 2 bedrooms and 1 bathroom. Both units have lots of updates, 2nd floor apt has been recently renovated with newer windows throughout, hardwood floors, a new kitchen, and an updated bathroom. 1st Floor apt has many upgrades, both units have high-efficiency heat pump 50-gallon electric hot water tanks. All appliances are relatively new and in excellent working condition. 100% occupancy rate for last 10 years with many multi-year tenants. Ample off-street parking for at least 4 cars, a storage shed, and a large backyard that once housed a majestic garden. Both leases expire May 31 and are below market rate. Boating, fishing, running, walking, etc... all in your backyard. Perfect investment property, owner-occupied, short-term rentals, or a vacation getaway.

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