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50 School St 4 Unit Apartment Building $415,000 ($103,750/Unit) 7.80% Cap Rate Groton, CT 06340
Investment Highlights
- Three-unit multi-family near Groton waterfront
- Separate utilities for simplified management
- Close to downtown, shopping, and dining
- Two 2-bedroom units and one 1-bedroom unit
- Strong natural light and functional layouts
- Easy access to schools and major commuter routes
Executive Summary
Well-maintained 3-family property ideally located near the water in the heart of Groton, offering an excellent investment or owner-occupant opportunity. The property consists of two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, each with functional layouts and strong natural light. All units have separate utilities, providing ease of management and expense control. Conveniently situated close to downtown Groton, shopping, dining, schools, and major commuter routes. A versatile multi-family asset with solid income potential in a desirable coastal location. Schedule your showing today.
Property Facts
| Price | $415,000 | Apartment Style | Low-Rise |
| Price Per Unit | $103,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 7.80% | Building Size | 2,651 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | R52 - Residential | ||
| Price | $415,000 |
| Price Per Unit | $103,750 |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,651 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | R52 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Kitchen
- Granite Countertops
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+3.5 | 4 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | GROT-001689-001831-003535 | Improvements Assessment | $107,016 |
| Land Assessment | $98,014 | Total Assessment | $205,030 |
Property Taxes
Parcel Number
GROT-001689-001831-003535
Land Assessment
$98,014
Improvements Assessment
$107,016
Total Assessment
$205,030
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50 School St
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