288 Benham Road Under Contract Save Request In-Person Tour Request Virtual Tour
Groton,CT 06340
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,437 sqft
Price per Sqft $159
MLS Listing ID 24109711
Style Units on different Floors,Units are Side-by-Side
Bedrooms 6
Full Baths 4
Year Built 1900
Annual Tax Amount $6,642
Lot Size 0.520 Acres
Property Sub-Type 4 Family
Property Description
Here's your chance to own a renovated 4-family property in Groton, offering fantastic returns with minimal upkeep. This well-located multifamily has undergone extensive updates, including new kitchens, bathrooms, hardwood floors and drywall. The entire building was upgraded with a newly installed, individually metered propane heating system, ensuring energy efficiency and low overhead costs. With tenant-paid utilities and coin operated laundry, this property maximizes profitability while keeping maintenance costs at a minimum, making it a prime investment opportunity. The property is ideally situated near some of Groton's largest employers, including EB, Pfizer, UConn, and is a stone's throw from Eastern Point Beach and Shennecosset Golf Course, making it easy to attract responsible tenants. Enjoy the convenience of being just minutes from New London and 10 minutes to Mystic, plus direct access to public transportation, including Amtrak and Shoreline East, for seamless travel to Boston and New York. As an added bonus, one unit is currently vacant, allowing the opportunity for the new owner to live on-site while generating rental income. The detached 2 car garage currently generates additional income. This is a must-see for savvy investors looking to capitalize on a prime location with low maintenance costs.
Location
State CT
County New London
Zoning R52
Rooms
Basement Full,Storage,Hatchway Access,Interior Access,Concrete Floor,Full With Walk-Out
Interior
Heating Baseboard
Cooling Ceiling Fans,Window Unit
Exterior
Exterior Feature Balcony,Porch
Parking Features Detached Garage
Garage Spaces 2.0
Waterfront Description Walk to Water
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Fitch Senior