Putnam, CT 06260,114 Grove Street

$490,000

$524,000

6.5%
Est.Price: ?

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Est. payment /mo

6 Beds

4 Baths

4,014 SqFt


SOLD DATE : 12/31/2024

Key Details

Sold Price $490,000

Property Type Multi-Family

Sub Type 2 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,014 sqft

Price per Sqft $122

MLS Listing ID 24058029

Sold Date 12/31/24

Style Units on different Floors,Units are Side-by-Side

Bedrooms 6

Full Baths 4

Year Built 1870

Annual Tax Amount $9,514

Lot Size 0.260 Acres

Property Description

Looking for a turn-key investment with income from day one? Here it is- Welcome to 114-116 Grove Street. This isn't just a property; it's a curated investment! Perfectly situated in the heart of downtown Putnam, this property is on a highly desirable, tree-lined street just steps away from popular restaurants, boutiques, and all the amenities that make downtown living so attractive. With one unit fully renovated and both units rented, this well-maintained property is set up for immediate cash flow. The thoughtful tenant mix includes a long-term tenant who assists with exterior upkeep and another tenant eager to stay long-term, offering stability and ease of management. Plus, there's untapped potential! The property features additional finished space with a full bathroom that isn't currently in use. This flexible area provides flex space or could potentially become part of an expanded rental offering-unlocking even greater income potential. Seize this rare downtown Putnam gem and make 114-116 Grove Street the marquee asset in your portfolio!

Location

State CT

County Windham

Zoning R-7

Rooms

Basement Full, Full With Hatchway

Interior

Heating Baseboard

Cooling Ceiling Fans

Exterior

Parking Features Detached Garage

Garage Spaces 3.0

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description Corner Lot, Level Lot

Foundation Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

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Listed by Jennie Kesselman • Berkshire Hathaway NE Prop.
Bought with Ronald Dimaline • HomeSmart Professionals Real Estate
agent-avatar

+1(203) 515-8852

samueljham@gmail.com

Stratford, Connecticut, 06614, United States

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