8-16 Benham Road, Groton, CT

$302,500

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11

Beds

5

Baths

4,130

Square feet

0.21

Acres

About 8-16 Benham Road

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.

Features of 8-16 Benham Road

MLS® # 24005379
Price $302,500
Bedrooms 11
Bathrooms 5.00
Full Baths 5
Square Footage 4,130
Acres 0.21
Year Built 1920
Type Multi-Family For Sale
Sub-Type 5 Family+
Status Under Contract

Community Information

Address 8-16 Benham Road
Area Groton City
City Groton
County New London
State CT
Zip Code 06340

Amenities

Parking None
Is Waterfront No
Has Pool No

Interior

Heating Baseboard, Oil
Cooling None
Fireplace No

Exterior

Exterior Asbestos
Lot Description Level Lot, Water View
Roof Shingle
Foundation Stone

School Information

Elementary Per Board of Ed
High Per Board of Ed

Additional Information

Date Listed March 23rd, 2024
Days on Market 35
Zoning FC
RE / Bank Owned No

Listing Details

OfficeSeaport Real Estate Services

Listing Map

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