$299,544
$302,500
1.0%For more information regarding the value of a property, please contact us for a free consultation.
11 Beds
5 Baths
4,130 SqFt
SOLD DATE : 05/03/2024
Key Details
Sold Price $299,544
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Sold
Purchase Type For Sale
Square Footage 4,130 sqft
Price per Sqft $72
MLS Listing ID 24005379
Sold Date 05/03/24
Bedrooms 11
Full Baths 5
Year Built 1920
Annual Tax Amount $6,874
Lot Size 9,147 Sqft
Property Description
Located at 8 Benham Rd, Groton CT, this property presents a unique investment opportunity with its combination of two distinct buildings. The first is a two-unit apartment building, with each unit featuring 2 bedrooms and 1 full bath. Adjacent to it is a 4-unit apartment building offering versatile living arrangements. The lower level comprises a 1-bedroom unit and a studio, while the second level boasts a spacious two-bedroom unit. On the third floor, there is a generous 3-bedroom unit, providing a total of 6 units across the property. While the property is in need of rehabilitation and is being sold as-is, its potential for a lucrative investment is evident, especially given its proximity to Electric Boat. With some strategic renovations and improvements, this property could attract tenants seeking convenient accommodation close to major employment centers. Investors have the opportunity to capitalize on the demand for rental properties in the area and enhance the value of this asset.
Location
State CT
County New London
Zoning FC
Rooms
Basement Crawl Space, Full
Interior
Heating Baseboard
Cooling None
Exterior
Garage None
Roof Type Shingle
Building
Lot Description Level Lot, Water View
Foundation 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 Suzanne Walsh • William Raveis Real Estate
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Broker | REB.0791464