14 Denison Avenue, Groton, Connecticut

About 14 Denison Avenue

Exceptional multifamily investment opportunity boasting a rare 25-space private parking lot ideally located within walking distance to Electric boat. Take advantage of consistent, dual-shift demand from EB employees to generate additional parking lot income and enhance the overall ROI. This side by side two family home features aluminum siding, an architectural shingle roof, oil heat and public water & sewer. Each studio apartment spans approximately 682 Sq Ft and includes 1 bedroom, a living room, an eat-in kitchen, a full bathroom and rear enclosed mudroom. Unit 14 has been tastefully updated with engineered wood flooring throughout and a remodeled kitchen featuring double SS sink, SS appliance, composite counters and white laminate faced cabinets. Unit 16 is occupied by a long-term tenant, currently on a month-to-month lease offering a perfect balance of steady income and investment flexibility. The full unfinished basement provides shared laundry with a coin-operated washer and dryer and a furnace that was replaced in 2019. Heat included in the rent, with separate 100-amp electrical service for each unit. An outstanding opportunity to own a well-maintained property that offers both reliable income and room for future growth.

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