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115 Groveland Ave 1 Unit Apartment Building $399,900 ($399,900/Unit) Putnam, CT 06260
Executive Summary
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.
Property Facts
| Price | $399,900 | Building Class | C |
| Price Per Unit | $399,900 | Lot Size | 1.35 AC |
| Sale Type | Investment | Building Size | 1,232 SF |
| No. Units | 1 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-10 - Residential | ||
| Price | $399,900 |
| Price Per Unit | $399,900 |
| Sale Type | Investment |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.35 AC |
| Building Size | 1,232 SF |
| No. Stories | 2 |
| Year Built | 2006 |
| Opportunity Zone |
Yes |
| Zoning | R-10 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | PUTN-000008-000000-000018-000008 | Improvements Assessment | $123,900 |
| Land Assessment | $0 | Total Assessment | $123,900 |
Property Taxes
Parcel Number
PUTN-000008-000000-000018-000008
Land Assessment
$0
Improvements Assessment
$123,900
Total Assessment
$123,900
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115 Groveland Ave
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