546 Thames Street

Groton, CT 06340

$395,000
Price
4
Beds
4
Baths
3,980 Sq. Ft.
$99 / Sq. Ft.
3,980
Sq. Ft.
$99
per Sq. Ft.

Description

Three rental units; one studio, one one bedroom, one two bedroom plus store and 21 car EB parking lot. Parking spaces rent for $50.00 per month presently expanding to include 2nd shift customers. Tenants pay their own utilities except for water, sewer and hot water. Some minor painting on exterior and store interior needed. Great location servicing Electric Boat and it's employees. Current proforma income $54,888 new operating income (after expenses) $45,871.00/year $3,822/mth. At a 7.5% interest...Three rental units; one studio, one one bedroom, one two bedroom plus store and 21 car EB parking lot. Parking spaces rent for $50.00 per month presently expanding to include 2nd shift customers. Tenants pay their own utilities except for water, sewer and hot water. Some minor painting on exterior and store interior needed. Great location servicing Electric Boat and it's employees. Current proforma income $54,888 new operating income (after expenses) $45,871.00/year $3,822/mth. At a 7.5% interest rate for 20 years the cost per $1,000 borrowed is $8.21 per month. $3,822 divided by $8.21 equals/supports $465,600 valuation!
  1. Listed by Daniel Del Grosso • Best Brokers
    P: (860) 443-2003 C: (860) 443-2003 dandelgrosso@att.net

Property Details for 546 Thames Street

Basement Description
Full With Hatchway, Partially Finished
Direct Waterfront
No
Garages Number
0
Neighborhood
Groton City
Style
Units on different Floors
Garage Parking Info
Paved, Assigned Parking
Swimming Pool
No

Location

Listing Courtesy of Best Brokers, Daniel Del Grosso
Add your commute
LISTING UPDATED: 03/21/2024 02:57 PM

Property Details for 546 Thames Street

StatusActive
MLS #170565010
Days on Market176
Taxes$2,852 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 3 Family
Year Built1920
Lot Size0.31 AC / 13,503 SF
CountyNew London County

Location

Listing Courtesy of Best Brokers, Daniel Del Grosso
Add your commute

Building Information for 546 Thames Street

Stories-Residences4Year Built1920Building Size-Lot Size0.31 AC / 13,503 SF

Payment Calculator

$2,393 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,156

Property Taxes

$238

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 546 Thames Street

Summary
Property and Location
  • Acres Source: Public Records
  • Association Amenities: None
  • Directions: I-95 to Thames Street, Groton
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Per Board of Ed
  • Intermediate School: Per Board of Ed
  • Latitude: 41.348885
  • Longitude: -72.07892
  • Middle Jr High School: Per Board of Ed
  • State: Connecticut
Parking
  • Parking Total Spaces: 21
HOA and Fees
  • Home Owner's Assocation: No
  • Special Association Assessment: No
  • Tax Year: July 2023-June 2024
  • Property Tax: $2,852
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Walk-up, Floored
  • Cooling System: Window Unit
  • Heat Type: Hot Air
  • Attic YN: Yes
  • Home Automation: Appliances, Thermostat(s)
  • Laundry Room Info: None
  • Rooms Total: 9
Property
Property and Assessments
  • Construction Description: Frame, Brick
  • Driveway Type: Paved
  • Elevation Certificate: No
  • Exterior Siding: Wood, Asbestos
  • Foundation Type: Brick, Stone
  • Fuel Tank Location: Non Applicable
  • Gross SQFT Per Public Records: 3980
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1920
  • Year Built Source: Public Records
  • Bank Owned Property: No
Lot Information
  • Lot Description: N/A
  • Parcel Number: 1949912
  • Sq Ft Est Heated Above Grade: 3980.0
  • Sq Ft Total: 3980.0
  • Zoning: GC
Utilities
  • Energy Features: Thermopane Windows
  • Heat Fuel Type: Gas In Street, Natural Gas
  • Hot Water Description: 40 Gallon Tank, Electric
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 9017
  • Gross Annual Income: 54888
  • Net Operating Income: $45,871
  • Total Number of Units: 4
  • Total Rooms Multi Family: 9
Building Details
  • Unit Count: 4
Unit 1
  • Lease: Leased
  • Listing Key: FA1C90E810424F80E053D501100A4E5C
  • Unit Appliances: Electric Cooktop
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 03-21-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 2
  • Listing Key: FA1C90E810424F80E053D501100A4E5C
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 03-21-2024
  • Unit Num Bedrms: 0
  • Unit Num Rooms: 1
  • Unit Occupied By: Vacant
Unit 3
  • Lease: Leased
  • Listing Key: FA1C90E810424F80E053D501100A4E5C
  • Unit Appliances: Electric Cooktop
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 03-21-2024
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Leased
  • Listing Key: FA1C90E810424F80E053D501100A4E5C
  • Unit Appliances: Electric Cooktop
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 03-21-2024
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 1
  • Unit Occupied By: Tenant

Property History for 546 Thames Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 546 Thames Street

Taxable ValueLand$87,500Additions$23,030Total$110,530
Tax Record2023$2,852 ($238 / month)
Home Facts
Total Finished SqFt3,980 SqFtAbove Grade Finished SqFt3,980 SqFtStories3Lot Size13,504 SqFtStyleStoresYear Built1920ZoningGCCountyNEW LONDONAPNGROT M:168806482566

Schools near 546 Thames Street

This home is within Groton School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 10
Rating
School
Distance
Pleasant Valley School
PublicK to 5

West Side Middle School
Public6 to 8

Fitch Senior High School
Public9 to 12

Virtual Learning Academy
Public9 to 10

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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546 Thames Street is a multi-family home for sale in Groton, CT 06340. This property was listed for sale on April 24, 2023 by Best Brokers, it's currently listed at $395,000. It has been on the market for a total of 176 days and was last sold on October 1, 2008. This listing's school district is Groton School District. Nearby schools include Pleasant Valley School, West Side Middle School and Fitch Senior High School. 546 Thames Street is a 4-bed, 4-bath, 3,980 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Best Brokers, Daniel Del Grosso

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.