Here's your chance to own a renovated 4-family property in Groton, offering fantastic returns with minimal upkeep. This well-located multifamily has undergone extensive updates, including new kitchens, bathrooms, hardwood floors and drywall. The entire building was upgraded with a newly installed, individually metered propane heating system, ensuring energy efficiency and low overhead costs. With tenant-paid utilities and coin operated laundry, this property maximizes profitability while keeping maintenance costs at a minimum, making it a prime investment opportunity. The property is ideally situated near some of Groton's largest employers, including EB, Pfizer, UConn, and is a stone's throw from Eastern Point Beach and Shennecosset Golf Course, making it easy to attract responsible tenants. Enjoy the convenience of being just minutes from New London and 10 minutes to Mystic, plus direct access to public transportation, including Amtrak and Shoreline East, for seamless travel to Boston and New York. As an added bonus, one unit is currently vacant, allowing the opportunity for the new owner to live on-site while generating rental income. The detached 2 car garage currently generates additional income. This is a must-see for savvy investors looking to capitalize on a prime location with low maintenance costs.
Listed by Berkshire Hathaway NE Prop., Sherry Borgeson. Data sourced from SmartMLS
