17 days on market
Under Contract
More about this Property

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243 North Elm Street, Torrington CT 06790

Current Price: $550,000

14 beds 5 baths 5755 sq. ft

Last Update: 5/9/2024

Property Type: Multi-Family For Sale

Public Remarks

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.

Map to Property at 243 North Elm Street, Torrington CT 06790


GPS

Residential Property Information for 243 North Elm Street, Torrington CT 06790

MLS #: 170620062

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

Color:

Total Rooms:

Bedrooms: 14

Bathrooms: 5

Acres: 0.17

Year Built: 1900 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $7,308

Zoning: LB

Mil Rate:

Assessed Value: $152,380 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 5755; below grade sq feet total is 0; total sq ft is 5755

Features
Laundry Location & Info: Coin Op Laundry  Coin operated laundry room in basement
Fireplaces: 0
Energy Features: Thermopane Windows
Energy Features: Thermopane Windows
Basement Desc.: Full
Exterior Siding: Vinyl Siding,Brick,Stucco
Exterior Features: Sidewalk,Gutters,Lighting
Foundation: Concrete
Roof: Asphalt Shingle,Flat
Parking Spaces: 0
Garage/Parking Type: None
Swimming Pool: 0
Lot Description: Lightly Wooded,Level Lot
Nearby Amenities: Commuter Bus,Golf Course,Health Club,Lake,Library,Medical Facilities,Park,Shopping/Mall
Occupied: Tenant
Utility Information

Hot Water System Natural Gas,30 Gallon Tank

Heat Type: Baseboard

Fueled By: Natural Gas.

Cooling: None

Fuel Tank Location:

Water Service: Public Water Connected

Sewage System: Public Sewer Connected

School Information

Elementary: Per Board of Ed

Intermediate: Per Board of Ed

Middle: Per Board of Ed

High School: Per Board of Ed

Marketing History

Current List Price: $550,000

Original List Price: $550,000

DOM: 17

Listing Date: 1/20/2024

Last Updated: 4/2/2024 9:05:52 PM