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.

Interior

  • AppliancesOven/ Range, Microwave, Dishwasher
  • LaundryCoin Op Laundry
  • BasementFull
  • A/CNone
  • HeatingBaseboard, Natural Gas
  • FireplaceFireplaces: 0
  • GeneralCable - Available
  • RoomsBreezeway, Foyer, Laundry Room, Workshop
  • Disability FeatureAccessible Bedroom, Accessible Full Bath, 1st Flr Bdrm w/ Bath
  • FlooringWood
  • Eco/Green FeatureRegionally- Sourced Materials

Exterior

  • GeneralSidewalk, Gutters, Lighting
  • StyleUnits on different Floors, Units are Side-by- Side
  • ParkingParking spaces: 4
  • PoolAbove Ground Pool
  • ImprovementsNone
  • Other StructuresPorch, Deck, Patio

Construction

  • RoofingAsphalt Shingle, Flat
  • WindowsInsulated Windows
  • GeneralPost & Beam, Contemporary, Poured Concrete

Location

  • HOAYes
  • HOA Amenities0.0
  • CountyLitchfield
  • Originating MLSColumbia Greene Northern Dutchess MLS
  • Road/AccessMunicipal Street
  • School DistrictTaconic Hills

Lot

  • DrivewayPrivate
  • ZoningLB, 882769
  • ViewCountry, Far Reaching, Farmland, Mountain, Pastoral
  • RestrictionsRenting
  • Current Usevacent
  • Topographygentle slope
  • FencingBack Yard

Utilities

  • WaterPublic Water Connected
  • SewerNot Connected
  • UtilitiesElectric, Phone Available, Cable Available

Financial

  • SourceColumbia Greene Northern Dutchess MLS
  • ExclusionsCorey Smith/ Smithys Barbershop and Sharon Affordable Housing
  • Buyers Agent Compensation2.5%
  • Listing Agent Compensation0

Listing History

  • 04/02/2024Pending
  • 03/28/2024Active
  • 02/04/2024Pending
  • 01/20/2024Active
  • 01/20/2024$550,000 @ $96 per ft²
  • 07/27/2017$99,900 @ $17 per ft²
  • 07/27/2017Sold

Property Features

  • 0
  • 0.0
  • 1st Flr Bdrm w/ Bath
  • 2.5
  • 882769
  • Above Ground Pool
  • Accessible Bedroom
  • Accessible Full Bath
  • Asphalt Shingle
  • Back Yard
  • Baseboard
  • Breezeway
  • Cable Available
  • Coin Op Laundry
  • Columbia Greene Northern Dutchess MLS
  • Contemporary
  • Corey Smith/ Smithys Barbershop and Sharon Affordable Housing
  • Country
  • Deck
  • Electric
  • Far Reaching
  • Farmland
  • Fireplaces: 0
  • flat
  • Foyer
  • Full
  • gentle slope
  • Gutters
  • Insulated Windows
  • Laundry Room
  • LB
  • Lighting
  • Litchfield
  • Mountain
  • Municipal Street
  • Natural Gas
  • NotConnected
  • Parking spaces: 4
  • Pastoral
  • Patio
  • Phone Available
  • Porch
  • Post & Beam
  • Poured Concrete
  • Private
  • Public Water Connected
  • Regionally- Sourced Materials
  • Renting
  • Sidewalk
  • Taconic Hills
  • Units are Side-by- Side
  • Units on different Floors
  • vacent
  • Wood
  • Workshop

Residential Info

Property Details

Address: 243 North Elm Street, Torrington, Connecticut 06790