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Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
15
Photos
3
beds
2
baths
1,570
sqft
Built in
1930
This property, a fixer-upper sold as-is, offers an appealing opportunity for handymen looking to flip or rent out a home. It features a 3-bedroom, 2-bathroom layout, complete with a spacious kitchen, hardwood floors, and a fenced-in yard. Additional perks include assigned parking and a substantial 165 feet of road frontage. A notable aspect of this property is its current use of the majority of the paved yard by EB employees for parking, which could represent an additional revenue stream with 34 parking spots. The home's location is advantageous, being conveniently close to EB, Pfizer, shopping centers, and highways, which enhances its rental potential-estimated to fetch around $2,500 per month. However, prospective buyers should be aware that the property requires significant renovations and that financing could pose a challenge due to its condition. Included in the sale is an adjacent .23 acre lot 1 Mariani CT situated in the FC zone (volume 1231, page 65), adding value to the overall purchase. This extra lot broadens the possibilities for expansion or additional development, making this offering particularly attractive to investors or those with the vision and skills to transform this property into a profitable investment.
Features & Amenities
Interior
- Appliances:
- None
- Basement:
- Crawl Space,Partial
- A/C:
- None
- Heating:
- Hot Water, Oil
- Fireplace:
- Fireplaces: 0
Exterior
- General:
- Gutters
- Style:
- Cape Cod
- Parking:
- Parking spaces: 34
Construction
- Roofing:
- Shingle
Location
- County:
- New London
Lot
- Zoning:
- FC, 1950638
Utilities
- Water:
- Public Water Connected
- Sewer:
- Sewer in Street
This listing courtesy of:
Seaport Real Estate Services, Andrew O'Reilly
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Groton, CT
Housing
- Number of Units
- 13,429
- Median Home Value
- $228,277
- Median Rent
- $1,186
61.40% of housing units are renter occupied.
10.62% are vacant.
Commute
- Car
-
71.69%
- Public Transportation
-
2.05%
- Walk to Work
-
4.34%
- Work from Home
-
20.08%
- Other
-
0.82%
The median travel time to work is 15 minutes.
People
- Population
- 29,342
- Median Age
- 34.10
- Median Household Size
- 2.50
Education
- High School
-
29.53%
- Associate’s Degree
-
7.60%
- Bachelor’s Degree
-
18.39%
- Graduate Degree
-
12.08%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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