$475,000
$475,000
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100 Ashland Street Griswold, CT 06351
9 Beds
6 Baths
4,056 SqFt
Key Details
Sold Price $475,000
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Sold
Purchase Type For Sale
Square Footage 4,056 sqft
Price per Sqft $117
MLS Listing ID 170565217
Sold Date 06/30/23
Style Units on different Floors
Bedrooms 9
Full Baths 6
Year Built 1900
Annual Tax Amount $5,512
Lot Size 8,712 Sqft
Property Description
Currently a cash calf that could be a huge cash cow. Rents are well below market and some units need refreshing but are all currently rented and the draw for tenants is this 7 unit building is waterfront!. It is on Ashland Pond with fishing right out the back for Largemouth bass, pickerel, yellow perch and sunfish. Adequate parking in front and rear of building. Utilities except for hot water + water and sewer are separate but see unit details for exceptions. Stated expenses include utilities, taxes, insurance and dumpster rental but not any management fees or one time expenses. Incredible opportunity for growth and well protected by even current income. Commercial loans or cash only- No seller financing and no blind offers! Seventh units rent not listed on MLS, is a one bedroom for $750 a month. It is a basement unit with electric heat.
Location
State CT
County New London
Zoning BRM
Rooms
Basement Full, Partially Finished, Concrete Floor
Interior
Heating Baseboard
Cooling None
Exterior
Exterior Feature Deck, Lighting, Porch
Parking Features Unassigned Parking, Parking Lot
Waterfront Description Direct Waterfront,View
Roof Type Asphalt Shingle
Building
Lot Description Water View, Level Lot
Foundation Brick, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Griswold
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Bought with Nicole M. Garbutt • Browning & Browning R.E.