122 Midway Oval, Groton, CT 06340

Unique, diamond in the rough property located only 3 blocks from the ocean and Bluff Point State Park Nature Reserve! Have you been thinking about owning an AirBnb? Or have you been dreaming of owning your home near the ocean? This property has tons of potential to convert into whatever your dreams desire. It sits on just under 1/2 acre with plentiful gorgeous lush plants and bushes, including Arborvitae, Holy, Rose of Sharon, Hosta, Elderberry, Perennials, Roses, Phlox and Rhododendron lining the property. Once maintained, the yard will provide an immediate private tranquil sanctuary. This area provides excellent walking, hiking, biking and horse trails, as well as some of the best blue shell crabbing around. This property also is very close to General Dynamics Electric Boat and Mystic attractions. This fixer upper is a 3 story home, 2 bed, 1.5 bath, with an extra large 750 s.f. 3rd story room that can be converted into a separate apartment. Hardwood floors through the 2nd floor. This home also has 2 decks and a balcony with sliding glass door for entertaining with a private gazebo, 2 out bldgs and a full basement. Scale drawings are available that show the potential of becoming a 4 bed, 3 bath with master bath, master bedroom and walk-in closets. Electrical and plumbing for the above or in ground pool is ready to go. *Please note, Craigslist does not have a choice for a driveway in the choices. As a fixer upper, the property does need work and renovations done to meet code. Passive rental income, multifamily, flip opportunities. Construction was done in 2002 to include roof, boiler, updated electrical, and siding but never completed. Property being sold as-is, inspections are for buyers knowledge only. Please do not walk on the 2nd floor porch as it may be unsafe as well as the exterior deck stairway. Estimated cost to fix up to code is $52,000. Comps with smaller s.f. and smaller lot sizes sold for $225,000 to $255,000. Property value in the area has gone up since. The land value is $65,000. Cash sale only.