7 Hurlbutt Rd, Gales Ferry, CT 06335-1463

Investors: Secure this exceptional mixed-use investment opportunity in Ledyard, Connecticut. This fully renovated, 22,109 square foot property, originally a school, now boasts 14 units and 11 tenants across 18 individual income streams, all under gross leases. Built in 1959 and extensively renovated in 2016, the property features a single, one-story building situated on a 3.3-acre lot with ample private parking. The 100% occupancy rate ensures immediate cash flow, with all rent payments consistently current. Each unit, formerly a classroom, has undergone complete renovation, including roof replacement, individual classroom upgrades, private and common bathrooms, and updated mechanical systems. The property is zoned GFDD and offers a compelling value-add opportunity with built-in rent bumps. This is a turnkey investment with a strong history of reliable income and a bright future. The asking price is $1,395,000, translating to $63.10 per square foot. This represents a rare chance to acquire a stable, high-performing asset with significant upside potential. The property's history of consistent, on-time rent payments, even during the pandemic, underscores its resilience and the quality of its tenant base.