22 Benham Road, Groton, CT

About 22 Benham Road

This property, a fixer-upper sold as-is, offers an appealing opportunity for handymen looking to flip or rent out a home. It features a 3-bedroom, 2-bathroom layout, complete with a spacious kitchen, hardwood floors, and a fenced-in yard. Additional perks include assigned parking and a substantial 165 feet of road frontage. A notable aspect of this property is its current use of the majority of the paved yard by EB employees for parking, which could represent an additional revenue stream with 34 parking spots. The home's location is advantageous, being conveniently close to EB, Pfizer, shopping centers, and highways, which enhances its rental potential-estimated to fetch around $2,500 per month. However, prospective buyers should be aware that the property requires significant renovations and that financing could pose a challenge due to its condition. Included in the sale is an adjacent .23 acre lot 1 Mariani CT situated in the FC zone (volume 1231, page 65), adding value to the overall purchase. This extra lot broadens the possibilities for expansion or additional development, making this offering particularly attractive to investors or those with the vision and skills to transform this property into a profitable investment.