546 Thames, Groton, CT 06340
4 Units   |   4 Beds   |   4 Baths   |   3980 Sqft

$395,000
180 Days on Market - Expired


Three rental units; one studio, one one bedroom, one two bedroom plus store and 21 car eb parking lot. parking spaces rent for $50.00 per month presently expanding to include 2nd shift customers. tenants pay their own utilities except for water, sewer and hot water. some minor painting on exterior and store interior needed. great location servicing electric boat and it's employees. current proforma income $54,888 new operating income (after expenses) $45,871.00/year $3,822/mth. at a 7.5% interest rate for 20 years the cost per $1,000 borrowed is $8.21 per month. $3,822 divided by $8.21 equals/supports $465,600 valuation!

This real estate listing for sale at 546 Thames has 4 bedrooms, 4 bathrooms, and was built in 1920. It is located in the Groton, CT area with the 06340 zip code. For more info about the property at 546 Thames, Groton, CT 06340 or if you would like to schedule a showing, please contact the listing agent above.

Data sourced from CT SMART MLS and was last updated January 01, 1970. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.