62-64 North Rd, Groton, CT 06340

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.