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243 N Elm Street

Torrington, CT 06790
  • $550,000
  • STATUS: Active Under Contract
  • ON SITE: 31 Days
  • MLS #: 170620062
Under Contract
UPDATED: 48 min ago
$550,000
  • 13
    BEDS
  • 0.17
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 5,755
    SQFT
  • $96
    $/SQFT
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

ATTENTION INVESTORS: Turnkey fully rented 5-unit income producing property in the north end of town! This property features one 2 bedroom unit, plus four 3 bedroom units, all with attractive floor plans. Recent updated include a new heating system and water heaters in 2021. Property is at a 6.7% CAP rate at current rates, with potential for a 8.5% CAP rate at fair market rents. Lots of recent updates including a newer roof, updates to heating systems, many windows have been replaced, installation of laundry room/storage areas in basement. This property conveys with a separately deeded building lot, which is currently utilized as a large parking lot.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-02-21T10:10:47.573.
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243 N Elm Street Torrington, CT 06790

  • Price: $550,000
  • Status: Active Under Contract
  • On Site: 31 Days
  • Updated: 48 min ago
  • MLS #: 170620062
13
Beds
5
Baths
0
½ Baths
0.17
Acres
5,755
SQFT
$96
$/SQFT
1900
Built
County:
Litchfield
Area:
Torrington
Elementary School:
per board of ed
Middle School:
per board of ed
High School:
per board of ed
Property Description
ATTENTION INVESTORS: Turnkey fully rented 5-unit income producing property in the north end of town! This property features one 2 bedroom unit, plus four 3 bedroom units, all with attractive floor plans. Recent updated include a new heating system and water heaters in 2021. Property is at a 6.7% CAP rate at current rates, with potential for a 8.5% CAP rate at fair market rents. Lots of recent updates including a newer roof, updates to heating systems, many windows have been replaced, installation of laundry room/storage areas in basement. This property conveys with a separately deeded building lot, which is currently utilized as a large parking lot.
Exterior Features

Direct Waterfront YN No Driveway Type Private Exterior Features GuttersLightingSidewalk Exterior Siding Vinyl SidingBrickStucco Garage And Parking Off Street ParkingParking Lot Lot Description Level LotLightly Wooded Nearby Amenities Commuter BusGolf CourseHealth ClubLakeLibraryMedical FacilitiesParkShopping/Mall Roof Information Asphalt ShingleFlat Style Units on different FloorsUnits are Side-by-Side Swimming Pool YN No Waterfront Description Not Applicable

Interior Features

Attic YN No Basement Description Full With Walk-OutUnfinished Cooling System None Fireplaces Total 0 Heat Type Baseboard Laundry Room Info Coin Op Laundry Laundry Room Location Coin operated laundry room in basement Sq Ft Est Heated Above Grade 5755 Sq Ft Est Heated Below Grade 0 Sq Ft Total 5755 Total Rooms 24 Total Rooms Multi Family 24

Property Features

Agent Owner YN No Bank Owned Property No Energy Features Thermopane Windows Foundation Type Concrete Fuel Tank Location Non Applicable Heat Fuel Type Natural Gas Home Owners Assocation No Home Warranty Offered YN No Hot Water Description Natural Gas Intermediate School Per Board of Ed New Construction Type No/Resale Potential Short Sale No Property Sub Type 5 Family+ Sewage System Public Sewer Connected Sewer Usage Fee Annual 1960 Total Number Of Units 5 Under Agreement Yn No Water Source Public Water Connected Zoning LB

Listing information © 2024 Smart MLS
Listing provided courtesy of Mike Gregor of Cohen Agency SiM, LLC: (860) 482-5503.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-02-21T10:10:47.573.
 
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