112 New London Rd, Groton, CT 06340

Welcome to 112 New London Rd, a versatile and unique mixed-use property
located in the heart of Groton, Connecticut. Owned by Carroll Gothie Trustee,
this property spans 1.38 acres and is situated in a RU-20 Zone, classified for
multiple uses with a primary focus on commercial activities. The property
seamlessly blends residential and commercial spaces, making it an ideal
investment opportunity for those seeking diverse income streams.The
residential component of this property includes four rental units, offering a
steady and reliable income. The first residential unit, Cottage 1, is a cozy 374
square feet space generating $1,350 per month. Cottage 2, slightly smaller at 216
square feet, brings in $1,100 per month. Additionally, there is a 512 square feet
basement rental unit, where the resident provides maintenance services in lieu
of rent, which would otherwise be $500 per month. The second-floor
apartment is a spacious 1,240 square feet unit, yielding a substantial $2,500 per
month.On the commercial side, the property features several office spaces, a
mix of occupied and vacant units, presenting significant revenue potential. The
main office, currently occupied by the owner, is 1,554 square feet and produces
$2,250 per month. Other commercial units include a 307 square feet vacant
porch office renting for $750 per month, a 106 square feet office unit at $450
per month, and a 217 square feet unit leased for over 30 years generating $625
per month. Additionally, there are smaller units ranging from 104 to 152 square
feet, with rents varying between $400 and $500 per month. The property also includes two garages totaling 586
square feet, which present an additional revenue
opportunity not currently factored into the income
calculations. The common areas amount to 498 square
feet, contributing to the overall functionality of the
property.Financially, the property boasts a total potential
gross revenue of $12,075 per month, or $144,900
annually. After accounting for a 5% vacancy rate, the
effective gross income (EGI) is calculated at $137,655. The
property incurs operating expenses, including property
taxes of $11,745, insurance costs of $4,000, andvarious
utility and maintenance expenses totaling $48,143
annually. This results in a net operating income (NOI) of
$89,512.From an investment perspective, 112 New
London Rd offers compelling returns with a robust net
operating income. At an 8% cap rate,the property is
valued at approximately $1,118,900. At a 7% cap rate, the
valuation increases to around $1,278,743. These figures
highlight the property's strong potential for delivering
substantial returns to investors