115 Groveland Ave - Apartments FOR SALE


Putnam, CT 06260
$399,900 USD
860-576-3696
115 Groveland Ave, Putnam, CT for Sale
$399,900 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

115 Groveland Ave
Putnam, CT 06260


OVERVIEW

Development Opportunity! This is not simply a townhouse offering- it is a fully approved condominium development package on a private lot with views! The sale includes existing Townhouse Unit #7 with an attached garage, together with the associated land and development rights for eight additional units to be built. Fully engineered plans are available by request. Town approvals are in place, underground utilities are on site, and initial infrastructure has been completed. Public water and sewer are available, condominium documents are recorded, and unit building plans are available. The existing townhouse provides immediate value while offering the opportunity to move forward with the remaining approved 8 additional units- ideal for a developer or investor seeking a lower entry point with significant future upside. This is an opportunity to own and develop a planned community in the northeast corner of Connecticut, with convenient proximity to both Rhode Island and Massachusetts.

FOR SALE DETAILS

PRICE

$399,900 USD

PRICE/SF

$162 USD /SF

# OF UNITS

1

PRICE/UNIT

$399,900

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.