7 Hurlbutt Rd Ledyard, CT 06335

Property Details for 7 Hurlbutt Rd

Year built

1959

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.30 lot acres

Property size

22,109 SF

Zone code

GFDD

Property type

Showrooms

APN

LEDY M:91 B:1050 L:7

APU

LEDYM91B1050L7

Description

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.

Location Insight

City

Gales Ferry

County

New London

State

Connecticut

Longitude

-72.0835

Latitude

41.4277

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments