$551,000
$549,900
0.2%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
6 Baths
4,044 SqFt
SOLD DATE : 07/23/2021
Key Details
Sold Price $551,000
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Sold
Purchase Type For Sale
Square Footage 4,044 sqft
Price per Sqft $136
MLS Listing ID 170397837
Sold Date 07/23/21
Style Units on different Floors,Units are Side-by-Side
Bedrooms 8
Full Baths 6
Year Built 1918
Annual Tax Amount $5,563
Lot Size 0.320 Acres
Property Description
Wonderful opportunity to own a FULLY LEASED, SIX-UNIT INVESTMENT PROPERTY, directly across the street from Electric Boat in the heart of Groton City. There are Three 2-Bedroom Units, Two 1-bedroom Units, 1 Office/Studio, as well as 20+ private off-street parking spots that can be rented monthly (25$/mo) to Electric Boat employees. The building was gutted and fully renovated in 2017, with all new electric, plumbing, paint, flooring, fixtures, appliances, siding, etc. Each unit has separate utilities (electric heat) and private entrances. The property grosses approximately 63K per year and has further potential, as this neighborhood is planned for further economic and business development.
Location
State CT
County New London
Zoning FC
Rooms
Basement Apartment
Interior
Heating Baseboard
Cooling None
Exterior
Exterior Feature Patio
Garage Assigned Parking, Off Street Parking, Parking Lot
Waterfront Description Walk to Water
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Masonry, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Bought with Tony Walstra • William Pitt Sotheby's Int'l
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Broker | REB.0791464