Groton, CT 06340,8-16 Benham Road

$299,544

Est. payment /mo

$302,500

1.0%
Est.Price: ?

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8-16 Benham Road Groton, CT 06340

11 Beds

5 Baths

4,130 SqFt

SOLD DATE : 05/03/2024

Key Details

Sold Price $299,544

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Sold

Purchase Type For Sale

Square Footage 4,130 sqft

Price per Sqft $72

MLS Listing ID 24005379

Sold Date 05/03/24

Bedrooms 11

Full Baths 5

Year Built 1920

Annual Tax Amount $6,874

Lot Size 9,147 Sqft

Property Description

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.

Location

State CT

County New London

Zoning FC

Rooms

Basement Crawl Space, Full

Interior

Heating Baseboard

Cooling None

Exterior

Garage None

Roof Type Shingle

Building

Lot Description Level Lot, Water View

Foundation Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Read Less

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Listed by Andrew O'Reilly • Seaport Real Estate Services
Bought with Suzanne Walsh • William Raveis Real Estate

Charles Nedder

License ID: RES.0767158

+1(203) 524-4303

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