115 Groveland Ave - Apartments FOR SALE


Putnam, CT 06260
$730,000 USD
860-576-3696
115 Groveland Ave, Putnam, CT for Sale
$730,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

115 Groveland Ave
Putnam, CT 06260


OVERVIEW

Development Opportunity! Fully approved condominium project on a private lot with views, offering a turnkey development package including land, two existing townhouses with garages, and approvals for eight additional units to be built, with fully engineered plans available by request. Town approvals are in place, underground utilities are on site, and initial infrastructure has been completed. Public water and sewer available, condominium documents recorded, and unit building plans are available. Existing units provide immediate value while allowing future expansion of the remaining approved units - ideal for developers seeking income with significant upside. This is an opportunity to own or develop a planned community in the northeast corner of Connecticut, with convenient proximity to both Rhode Island and Massachusetts.

FOR SALE DETAILS

PRICE

$730,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

2

PRICE/UNIT

$365,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

R-10

APN/PARCEL ID

PUTN-000008-000000-000018-000008

ASK ABOUT THIS PROPERTY

Jennie KesselmanBerkshire Hathaway HomeServices New EnglandMore Info
860-576-3696

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Jennie KesselmanBerkshire Hathaway HomeServices New EnglandMore Info
860-576-3696

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