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!
Welcome to this well-maintained 3-family home, situated in the heart of scenic Putnam. This property offers a fantastic investment opportunity or the chance to live comfortably while generating rental income. On the left side, this spacious 4-bed, 2-bath unit features a convenient layout with both upper and lower levels. Enjoy generous closet space and stunning southern yellow pine flooring throughout. The right side features 2 up-down units. The upper level offers a cozy 2-bedroom, 1-bathroom unit, and a charming 1-bed, 1-bath unit on the lower level. New roof, freshly replaced vinyl siding, updated columns and deck rails (all in 2023), enhanced insulation and new windows all done in 2023. Water service line replaced (2020). All units feature oil heat, with public water and sewer services for convenience. Nestled in a picturesque neighborhood, this property is close to local amenities, parks, and schools, making it an ideal location for residents and tenants alike. Don't miss out!
Two family with extreme potential after a rehab. Similar home listed in the neighborhood at over $300,000, as close as next door. Accepting "as is" cash offers. Highest and best to be submitted by Sunday November 3rd by 6PM.
Welcome to this well-maintained 3-family home, perfectly situated in the heart of scenic Putnam. This property offers a fantastic investment opportunity or the chance to live comfortably while generating rental income. On the left side, this spacious 4-bedroom, 2-bathroom unit features a convenient layout with both upper and lower levels. Enjoy beautiful HIGH ceilings, generous closet and storage space and stunning southern yellow pine flooring throughout, creating a warm and inviting atmosphere. Lower level laundry. One bedroom downstairs, and 3 (potentially 4) bedrooms upstairs. The right side features 2 up-down units. The upper level offers a cozy 2-bedroom, 1-bathroom unit, and a charming 1-bedroom, 1-bathroom unit on the lower level. This property boasts numerous upgrades for peace of mind: New roof (2023), Freshly replaced vinyl siding (2023), Updated columns and deck rails (2023), Enhanced insulation and new windows for energy efficiency (2023). Water service line replaced (2020). All units feature oil heat, with public water and sewer services for convenience. Nestled in a picturesque neighborhood, this property is close to local amenities, parks, and schools, making it an ideal location for residents and tenants alike. Don't miss out on this incredible opportunity to own a versatile multi-family home in beautiful Putnam!
2 Family with an "in Law" home! Come see this potential CASH COW!! House has new furnaces and Hot water heaters.. 3 Total Units, please see attached documents.. 2 Family with 3bds 1bth x2 1 Family with 2 bed 1 bath x1 More Photos to come..
This bank-owned duplex in Putnam offers a fantastic opportunity for investors and those seeking a multi-unit property. With two spacious three-bedroom, one-bathroom units, a full basement, porches, and ample parking, this fixer-upper presents a blank canvas for your renovation vision. Putnam, a charming town nestled in the Quiet Corner of Connecticut, offers a peaceful and inviting atmosphere. Explore the historic Putnam Museum, enjoy outdoor activities at Putnam Pond or the Putnam State Forest, or indulge in the local dining scene. With its proximity to other Connecticut towns, Putnam provides a convenient location for commuting and exploring the region. Seize the potential. This duplex presents an excellent opportunity to create rental income or comfortable living space. Renovate the units to your desired standards, capitalize on the growing rental market in the area, or live in one unit while renting out the other for added income. The full basement offers additional space for potential development, subject to permits and feasibility. ** All potential Buyers are requested to check with the City, County, Zoning, Tax, Schools, Association, and other records to determine all details on this property listed above to their satisfaction. The Buyer is responsible for performing their due diligence before bidding, as the high bidder will receive an "AS-IS" CASH ONLY contract with no contingencies, inspections, or warranties.**NO VIEWINGS OF THIS PROPERTY DUE TO CONDITION**
The median home value in Putnam, CT is $318,000. This is higher than the county median home value of $296,200. The national median home value is $338,100. The average price of homes sold in Putnam, CT is $318,000. Approximately 55.92% of Putnam homes are owned, compared to 35.76% rented, while 8.32% are vacant. Putnam real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Putnam real estate agent to arrange a tour today!
Putnam, Connecticut has a population of 9,250. Putnam is more family-centric than the surrounding county with 29.72% of the households containing married families with children. The county average for households married with children is 25.48%.
The median household income in Putnam, Connecticut is $67,070. The median household income for the surrounding county is $71,418 compared to the national median of $69,021. The median age of people living in Putnam is 44.3 years.
The average high temperature in July is 80.5 degrees, with an average low temperature in January of 14.9 degrees. The average rainfall is approximately 50.3 inches per year, with 45 inches of snow per year.