148 Benham Rd - Apartments FOR SALE


Groton, CT 06340
$1,849,000 USD
203-816-7926
148 Benham Rd, Groton, CT for Sale
$1,849,000 USD
Apartments - FOR SALE
1/10
null | 7.74% Cap Rate

148 Benham Rd
Groton, CT 06340


HIGHLIGHTS

  • Fully Renovated
  • Prime Location

OVERVIEW

Rare opportunity to own a fully furnished rooming house at 148 Benham Rd in Groton, offering strong in-place cash flow and significant upside. This property features a mix of short- and long-term leases (6–12 months), making it an ideal turnkey investment for both new and experienced operators. With all utilities included—heat, hot water, electricity, cable, and internet—management is streamlined, while the furnished rooms (each with a bed and mini-fridge) attract consistent demand. Positioned just minutes from major employers including Pfizer’s R&D campus, General Dynamics Electric Boat, the Naval Submarine Base, and other large-scale defense and biotech firms, the property benefits from a stable, high-quality tenant base. Investors will appreciate the reliable income, low vacancy, and scalable model. Whether you’re looking to expand your portfolio or secure a high-performing asset in one of Connecticut’s strongest rental corridors, 148 Benham Rd presents a unique value-add opportunity with a proven track record and room to grow.

FOR SALE DETAILS

PRICE

$1,849,000 USD

PRICE/SF

$218 USD /SF

# OF UNITS

24

PRICE/UNIT

$77,042

CAP RATE

7.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Lodge on Benham

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

R52

APN/PARCEL ID

GROT-001688-001156-009753

ASK ABOUT THIS PROPERTY

Zachary PintoAlpha Capital RealtyMore Info
203-816-7926

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Zachary PintoAlpha Capital RealtyMore Info
203-816-7926

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