$550,000
$550,000
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243 North Elm Street Torrington, CT 06790
14 Beds
5 Baths
5,755 SqFt
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Sold
Purchase Type For Sale
Square Footage 5,755 sqft
Price per Sqft $95
MLS Listing ID 170620062
Sold Date 05/28/24
Style Units on different Floors,Units are Side-by-Side
Bedrooms 14
Full Baths 5
Year Built 1900
Annual Tax Amount $7,308
Lot Size 7,405 Sqft
Property Description
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.
Location
State CT
County Litchfield
Zoning LB
Rooms
Basement Full
Interior
Heating Baseboard
Cooling None
Exterior
Exterior Feature Sidewalk, Gutters, Lighting
Garage None
Roof Type Asphalt Shingle,Flat
Building
Lot Description Lightly Wooded, Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
Middle Schools Per Board Of Ed
High Schools Per Board Of Ed
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Bought with Chris Carozza • RE/MAX Right Choice