10 Fort Hill Rd - Apartments FOR SALE


Groton, CT 06340
$7,950,000 USD
860-536-4829
10 Fort Hill Rd, Groton, CT for Sale
$7,950,000 USD
Apartments - FOR SALE
1/15
null | 5.68% Cap Rate

10 Fort Hill Rd
Groton, CT 06340


OVERVIEW

The Village at Bluff Point is a premier 19-unit townhome community built in 2020, offering exceptional design, finishes, and lifestyle appeal in a high-demand coastal Connecticut location with significant upside through mark-to-market rental increase strategy. Utilities are separately metered and tenant-paid, with high-efficiency heat pump heating and cooling units in each home. The property consists of three condominium-designated buildings totaling seventeen (17) 2-bedroom / 1.5-bath units and two (2) 3-bedroom / 2.5-bath units, each approximately 1,600 SF plus one-car garages. All units feature wide-board hardwood and tile flooring, granite countertops, stainless steel appliances, in-unit laundry on the bedroom level, walk-in closets, and attached garages. Tenants are drawn to the community’s manicured grounds, complimentary internet service, and shared outdoor amenities including a pavilion, fire pit, recreation area, and off street tenant and guest parking. The Village enjoys a prime location adjacent to Bluff Point State Park and the Poquonnock River boardwalk, with easy access to hiking, biking, kayaking, and beaches. Fully leased with strong in-place income and additional upside as rents roll. Utilities are separately metered, and the newer construction ensures low maintenance and capital needs. Zoned as three condominium parcels (one per building), the property offers future flexibility for exit strategies. Located just 10 minutes from Electric Boat, Pfizer, and the Naval Submarine Base, this is a rare opportunity to acquire a stabilized, Class A asset with long-term growth potential.

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

19

PRICE/UNIT

$418,421

CAP RATE

5.68%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Village at Bluff Point

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

38

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

MVC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jonathan RodgersRodgers DevelopmentMore Info
860-536-4829

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Jonathan RodgersRodgers DevelopmentMore Info
860-536-4829

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.