ATTENTION INVESTORS: Turnkey 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.
Sold for $550,000 on 05/28/24
$550,000
243 North Elm Street, Torrington, CT 06790
14beds
5,755sqft
Multi Family
Built in 1900
-- sqft lot
$1,053,800 Zestimate®
$96/sqft
$2,179 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 28, 2024 at 07:08pm
Listed by:
Mike Gregor 860-866-7470,
Cohen Agency SiM, LLC 860-482-5503
Bought with:
Chris Carozza, RES.0768259
RE/MAX Right Choice
Source: Smart MLS,MLS#: 170620062
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Baseboard, Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater, Water Heater
- Laundry: Coin Op Laundry
Features
- Windows: Thermopane Windows
- Basement: Full
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 5,755
- Total interior livable area: 5,755 sqft
- Finished area above ground: 5,755
- Finished area below ground: 0
Property
Parking
- Parking features: None
Features
- Exterior features: Sidewalk, Rain Gutters, Lighting
Lot
- Size: 7,405 sqft
- Features: Few Trees, Level
Details
- Parcel number: 882769
- Zoning: LB
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors,Units are Side-by-Side
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding, Brick, Stucco
- Foundation: Concrete Perimeter
- Roof: Asphalt,Flat
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Windows
Community & neighborhood
Community
- Community features: Near Public Transport, Golf, Health Club, Lake, Library, Medical Facilities, Park, Shopping/Mall
Location
- Region: Torrington
- Subdivision: N/A