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.
Sold for $299,544 on 05/03/24
$299,544
8-16 Benham Road, Groton, CT 06340
11beds
4,130sqft
Multi Family
Built in 1920
-- sqft lot
$391,500 Zestimate®
$73/sqft
$2,066 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 01, 2024 at 12:30am
Listed by:
Andrew O'Reilly 860-608-5065,
Seaport Real Estate Services 860-245-9200,
Tim Bray 860-912-7137,
Seaport Real Estate Services
Bought with:
Suzanne W. Walsh, RES.0710652
William Raveis Real Estate
Source: Smart MLS,MLS#: 24005379
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Baseboard, Oil
Cooling
- None
Appliances
- Included: Tankless Water Heater
Features
- Basement: Crawl Space,Full
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 4,130
- Total interior livable area: 4,130 sqft
- Finished area above ground: 4,130
Property
Parking
- Parking features: None
Features
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 9,147 sqft
- Features: Level
Details
- Parcel number: 1950616
- Zoning: FC
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Asbestos
- Foundation: Stone
- Roof: Shingle
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Groton
- Subdivision: Groton City
Sell for more on Zillow
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$391,500
2% more+$7,830
With Zillow Showcase(estimated)$399,330