$245,000
$289,000
15.2%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
3 Baths
3,100 SqFt
SOLD DATE : 08/25/2021
Key Details
Sold Price $245,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,100 sqft
Price per Sqft $79
MLS Listing ID 170378599
Sold Date 08/25/21
Bedrooms 7
Full Baths 3
Year Built 1950
Annual Tax Amount $6,124
Lot Size 0.420 Acres
Property Description
Great investment opportunity in quiet convenient Groton neighborhood with no traffic. Two houses make up three units. Front house is two bedrooms and one bath on each floor. Back cottage is three bedrooms and one bath. All three units have laundry hookups, separate oil heating and hot water heaters. Consistent monthly rents were $3,350 for years and were recently reduced to $3,000 per month because of circumstances caused by covid. Current tenants are on month-to-month rental agreements and have all been living at the property for 10-15 years. This could easily be an owner/investor occupied property with two additional units to cover the mortgage. Major cash flow opportunity at this property. Property being sold "As Is" and inspections are for buyer's purposes only. Needs a lot of TLC, but all systems are all in working order.
Location
State CT
County New London
Zoning MVC
Rooms
Basement Full
Interior
Heating Baseboard
Cooling None
Fireplaces Number 2
Exterior
Garage Driveway, Off Street Parking
Waterfront Description Not Applicable
Roof Type Asphalt Shingle,Shingle
Building
Lot Description Level Lot, Treed
Foundation Block, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Fitch Senior
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Bought with James Kelly • William Raveis Real Estate
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Broker | REB.0791464