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    62-64 North Road

    Groton, CT 06340
    • $289,000
    • STATUS: Active
    • ON SITE: 27 days
    • MLS #: 170378599
    UPDATED: 83 min ago
    $289,000
    • 7
      BEDS
    • 0.42
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 3,100
      SQFT
    • $93
      $/SQFT
    Type:
    Multi-Family
    Built:
    1950
    County:
    Area:

    School Information

    Elementary School:
    High School:

    Description

    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. Needs a lot of TLC, but all systems are all in working order.

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    © 2021 Smart MLS. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Frank Schiavone with William Raveis Real Estate. Data last updated: 2021-04-12T09:09:50.51.
    www.frankschiavone.com/homes/115121007
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    62-64 North Road Groton, CT 06340

    • Price: $289,000
    • Status: Active
    • Updated: 83 min ago
    • MLS #: 170378599
    7
    Beds
    3
    Baths
    0
    ½ Baths
    0.42
    Acres
    3,100
    SQFT
    $93
    $/SQFT
    1950
    Built
    County:
    New London
    Area:
    Groton
    Elementary School:
    per board of ed
    High School:
    Fitch Senior
    Property Description
    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. Needs a lot of TLC, but all systems are all in working order.
    Exterior Features

    Color White Construction Description Frame Exterior Siding Vinyl SidingAluminum Foundation Type BlockStone Lot Description Level LotTreed Roof Information Asphalt ShingleShingle Waterfront Description Not Applicable

    Interior Features

    Attic Yn Yes Basement Description Full Cooling System None Fireplaces Total 2 Heat Type Baseboard Hot Water Description Electric

    Property Features

    Bank Owned Property Yn No Direct Waterfront Yn No Fuel Tank Location In Basement Garage Parking Info DrivewayOff Street Parking Heat Fuel Type Oil Hoa Yn No Laundry Room Info All Units Have Hook-Ups Nearby Amenities LibraryParkPlayground/Tot LotPublic TransportationShopping/Mall New Construction Type No/Resale Possession Availability Tenant Occupied Potential Short Sale Yn No Property Sub Type 3 Family Property Tax 6124 Sewage System Public Sewer Connected Sign Yn Yes Swimming Pool Yn No Water Source Public Water Connected Zoning Mvc

    Listing information © 2021 Smart MLS
    Listing provided courtesy of Jay Kelly of William Raveis Real Estate.


    © 2021 Smart MLS. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Frank Schiavone with William Raveis Real Estate. Data last updated: 2021-04-12T09:09:50.51.
     
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    Frank Schiavone with William Raveis Real Estate
    45 Field Point Rd.
    Greenwich CT, 06830