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20 Elm Street, Simsbury CT 06081
Current Price: $599,000
6 beds
4 baths
2710 sq. ft
Last Update: 7/30/2025
Property Type: Multi-Family For Sale
Rare opportunity to acquire a fully occupied 4-unit asset in the heart of Simsbury-one of Connecticuts most desirable and stable real estate markets. This income-producing property features two side-by-side two-family homes on a single lot, each offering one 1-bedroom and one 2-bedroom unit, ideal for consistent rental demand and portfolio diversification. One building underwent a full gut renovation in 2020-2021, including upgraded systems and finishes, reducing future capital expenditures. With modern kitchens and bathroom, updated flooring, abundant natural light -rare and highly appealing to quality tenants. Set on just over half an acre, the property includes a spacious backyard, ample off-street parking, and a shared driveway. Tenants enjoy not only the functional amenities but also the lifestyle perks of living in Simsbury-a classic New England town known for its scenic farms, historic homes, hiking, rail-to-trail bike paths, and two local golf courses. This location offers a convenient commute to Granby, Bloomfield, and Avon, enhancing its appeal for working professionals and families. Simsbury has been ranked among the top places to live in CT . Demand for rentals in this area remains strong-and opportunities like this are rare.
$67,200 gross $43,000 noi 7.2% cap rate
Rt 189 or Rt 315 to Elm St
MLS #: 24103847
Style: Units on different Floors,Units are Side-by-Side
Color:
Total Rooms:
Bedrooms: 6
Bathrooms: 4
Acres: 0.62
Year Built: 1882 (Public Records)
New Construction: No/Resale
Home Warranty Offered:
Property Tax: $8,792
Zoning: R-15
Mil Rate:
Assessed Value: $257,390
Potential Short Sale:
Square Footage: Estimated HEATED Sq.Ft. above grade is 2710; below grade sq feet total is ; total sq ft is 2710
Basement Desc.: | Partial,Dirt Floor |
Exterior Siding: | Vinyl Siding |
Exterior Features: | Sidewalk,Porch,Deck |
Foundation: | Concrete |
Roof: | Asphalt Shingle |
Parking Spaces: | 0 |
Driveway Type: | Shared,Paved |
Garage/Parking Type: | None,Off Street Parking,Driveway |
Swimming Pool: | 0 |
Waterfront Feat.: | Not Applicable |
Lot Description: | Lightly Wooded |
Occupied: | Tenant |
Hot Water System
Heat Type:
Fueled By: Baseboard,Zoned.
Cooling: Window Unit
Fuel Tank Location: In Basement
Water Service: Public Water Connected
Sewage System: Public Sewer Connected
Elementary: Tariffville
Intermediate:
Middle: Henry James
High School: Simsbury
Current List Price: $599,000
Original List Price: $649,000
DOM: 32
Listing Date: 6/13/2025
Last Updated: 7/28/2025 3:14:49 PM
Expected Active Date: 6/21/2025
List Agent Name: Tammy Powling
List Office Name: Coldwell Banker Realty