$550,000 ($95.57 per sqft)

Under Contract

Est. Mortgage $2,890/mo *

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243 North Elm Street, Torrington, CT, 06790

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24 rooms

14 beds

5 Full baths

1900

Units on different Floors, Units are Side-by-Side

5,755 sqft

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.

Status:

Under Contract

Type:

Multi-family

Laundry Remarks:

Coin Op Laundry

Units:

Zoning:

Subdivision:

N/A

Heating:

Baseboard

Cooling:

None

Energy Features:

Thermopane Windows

Basement:

Full

Acreage:

0.17

Est. Taxes:

$7,308

Assessment

$152,380

Lot Description:

Lightly Wooded,Level Lot

Elementary School:

Per Board of Ed

Middle School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

MLS #:

170620062

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School Info

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243 North Elm Street, Torrington, CT, 06790

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