ATTENTION INVESTORS: Turnkey fully rented 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

  • GeneralCable - Available
  • AppliancesGas Range, Refrigerator, Dishwasher, Washer, Dryer
  • LaundryCoin Op Laundry
  • BasementFull With Walk- Out, Unfinished
  • A/CNone
  • HeatingBaseboard, Natural Gas
  • FireplaceFireplaces: 0
  • RoomsFoyer, Laundry Room
  • FlooringCeramic Tile, Slate, Vinyl
  • Disability Feature1st Flr Bdrm w/ Bath, 1st Flr Half Bath
  • Master BedroomHard Wood Floor, Walk-in Closet
  • DiningHard Wood Floor
  • Living RoomHard Wood Floor
  • Family RoomFireplace, Hard Wood Floor
  • Master BathCeramic Tile Floor
  • Eco/Green FeatureSolar

Exterior

  • GeneralGutters, Lighting, Sidewalk
  • StyleUnits on different Floors, Units are Side-by- Side
  • PoolHeated Pool, Gunite
  • ImprovementsApproved Building Lot, Lot Staked
  • ParkingParking spaces: 4
  • Other StructuresNo

Construction

  • RoofingAsphalt Shingle, Flat
  • WindowsDouble Hung
  • GeneralFrame, Poured Concrete

Location

  • CountyLitchfield
  • Road/AccessState Road
  • HOA AmenitiesNone
  • Originating MLSColumbia Greene Northern Dutchess MLS
  • School DistrictTaconic Hills

Lot

  • DrivewayPrivate
  • ZoningLB, 882769
  • RestrictionsDeed Restrictions, Easements
  • ViewCountry, Far Reaching, Neighborhood, Parklike
  • FencingNone
  • TopographyUsable
  • Current UseLiquor store/ Interior Design

Utilities

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

Financial

  • SourceColumbia Greene Northern Dutchess MLS, Columbia Greene Northern Dutchess MLS
  • Buyers Agent Compensation2.5
  • ExclusionsPlease see attached inclusion exclusion

Listing History

  • 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

  • 1st Flr Bdrm w/ Bath
  • 1st Flr Half Bath
  • 2.5
  • 882769
  • Approved Building Lot
  • Asphalt Shingle
  • Baseboard
  • Cable Available
  • Ceramic Tile
  • Ceramic Tile Floor
  • Coin Op Laundry
  • Columbia Greene Northern Dutchess MLS
  • Country
  • Deed Restrictions
  • Double Hung
  • Easements
  • Electric Available
  • Far Reaching
  • Fireplace
  • Fireplaces: 0
  • flat
  • Foyer
  • Frame
  • Full With Walk- Out
  • Gas Available
  • Gunite
  • Gutters
  • Hard Wood Floor
  • Heated Pool
  • Laundry Room
  • LB
  • Lighting
  • Liquor store/ Interior Design
  • Litchfield
  • Lot Staked
  • Natural Gas
  • Neighborhood
  • No
  • NotConnected
  • Parking spaces: 4
  • Parklike
  • Phone Available
  • Please see attached inclusion exclusion
  • Poured Concrete
  • Private
  • Public Water Connected
  • Sidewalk
  • Slate
  • Solar
  • State Road
  • Taconic Hills
  • Unfinished
  • Units are Side-by- Side
  • Units on different Floors
  • Usable
  • Vinyl
  • Walk-in Closet

Residential Info

Property Details

Address: 243 North Elm Street, Torrington, Connecticut 06790