Sold

288 Benham Road, Groton, CT 06340

Beds
6
Baths
4
Sqft
3,437
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byBerkshire Hathaway NE Prop.
  • 3
  • 0

Overview

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

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
6
Number of bathrooms
4
Square feet
3,437
Lot size (acres)
0.52
Year built
1900

Interior features

Basement
Yes

Garage and parking

Garage parking spaces
2

Utilities

Heating
Baseboard
Cooling
Window unit(s), Ceiling fan(s)
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount
$6,642

Public schools

Loading

Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Smart MLS MLS®#: 24109711 Last checked:

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.