ATTENTION INVESTORS ! Turnkey 5 unit income producing property in the desirable north end of town with a 7.


Property

Website:https://www.nestseekers.com/5331480
Address:
243 North Elm
Torrington, CT 06790
Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 15 BR
Bathrooms: 5
Area: 5755 sq ft

Financials

Price:$975,000
Annual Taxes:$14,774

Description

ATTENTION INVESTORS! Turnkey 5-unit income-producing property in the desirable north end of town with a 7.25% cap rate! This fully occupied AND FULLY UPDATED multi-family includes one spacious 2-bedroom unit, three well-designed 3-bedroom units, and one 4 bedroom unit all with functional layouts. Recent upgrades include a new heating system and water heaters (2021), a newer roof, updated heating systems, and many replaced windows, ensuring minimal maintenance. The basement features newly added laundry and storage areas for tenant convenience. Additionally, the property comes with a SEPERATLY DEEDED LOT, currently serving as a large parking area, offering extra value and future potential. Don't miss this opportunity! All utilities are separate!

Amenities

  • Elementary School - Per Board of Ed
  • Gutters
  • High School - Per Board of Ed
  • Intermediate School -
  • Lighting
  • Sidewalk
  • Thermopane Windows

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Chris Carozza of RE/MAX Right Choice