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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

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    $3,688/mo

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    What's special

    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.

    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#: 170620062MLS Logo

    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