$284,000
$21K PRICE DROP

182 N Elm St Torrington, CT 06790

Estimated payment $1,905/month

Total Views 34,626
4 Beds
2 Baths
1,667 Sq Ft
$170 Price per Sq Ft

Highlights

  • Attic
  • Hot Water Circulator
  • Hot Water Heating System

About This Home

This two-family home presents a fantastic investment opportunity with both units fully rented. Located with easy access from the main street, the property provides a convenient location for tenants. Each unit occupies a different floor, offering privacy and a comfortable living space. In addition to the rental units, the property includes garages and storage spaces that are also currently rented, providing extra income. There is ample parking space available, ensuring tenants have convenient access to their vehicles. With long-term tenants already on leases, this property is an excellent choice for investors looking for a steady cash flow in a prime location. The basement adds an extra 793 sq ft of space. To protect tenant privacy, only a limited number of pictures have been shared.

Listing Agent

Jessica Chavez

Turning Point Realty, LLC License #RES.0817808 Listed on: 02/09/2025

Co-Listing Agent

Suzie Larson

Turning Point Realty, LLC License #REB.0790888

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,831

Year Built

  • Built in 1940

Lot Details

  • 0.27 Acre Lot

Home Design

  • Concrete Foundation
  • Frame Construction
  • Tile Roof
  • Vinyl Siding
  • Masonry
  • Tile

Interior Spaces

  • 1,667 Sq Ft Home
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Hot Water Circulator

Community Details

  • 2 Units
  • Gross Income $30,900

Listing and Financial Details

  • Assessor Parcel Number 882119

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,831

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 1667
  • Total Sq Ft: 1667
  • Year Built: 1940
  • New Construction: No/Resale
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: GPS Friendly
  • Living Area Sq Ft Per Public Record: 1667
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Attic Description: Access Via Hatch
  • Basement Description: Full
  • Laundry Room Location: Basement
  • Attic: Yes
  • Street Number Modifier: 182

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Masonry
  • Roof Information: Tile
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: Hot Water
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.27
  • Lot Description: N/A
  • Zoning: R6
  • Parcel #: 882119

Multi Family

  • Gross Annual Income: 30900
  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 3831
  • Total Assessed Value: 79860
  • Mil Rate Total: 47.97

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,831 $79,860 $20,360 $59,500
2023 $3,830 $79,860 $20,360 $59,500
2022 $3,765 $79,860 $20,360 $59,500
2021 $3,687 $79,860 $20,360 $59,500
2020 $3,687 $79,860 $20,360 $59,500
2019 $3,696 $80,050 $20,380 $59,670
2018 $3,696 $80,050 $20,380 $59,670
2017 $3,662 $80,050 $20,380 $59,670
2016 $3,662 $80,050 $20,380 $59,670
2015 $3,662 $80,050 $20,380 $59,670
2014 $2,920 $80,410 $28,000 $52,410
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 Price Changed $294,000 -1.7% $176 / Sq Ft
02/26/2025 02/26/25 Price Changed $299,000 -2.0% $179 / Sq Ft
02/09/2025 02/09/25 For Sale $305,000 +205.0% $183 / Sq Ft
11/24/2020 11/24/20 Sold $100,000 -9.1% $42 / Sq Ft
09/25/2020 09/25/20 Pending -- -- --
09/06/2020 09/06/20 Price Changed $110,000 -12.0% $46 / Sq Ft
08/03/2020 08/03/20 Price Changed $125,000 -7.4% $53 / Sq Ft
06/25/2020 06/25/20 For Sale $135,000 0.0% $57 / Sq Ft
02/28/2015 02/28/15 Rented $750 -6.3% --
02/26/2015 02/26/15 Under Contract -- -- --
11/26/2014 11/26/14 For Rent $800 0.0% --
11/14/2014 11/14/14 Sold $78,000 +11.6% $47 / Sq Ft
10/07/2013 10/07/13 Pending -- -- --
07/03/2013 07/03/13 For Sale $69,900 0.0% $42 / Sq Ft
02/27/2013 02/27/13 Rented $750 0.0% --
02/22/2013 02/22/13 Under Contract -- -- --
12/31/2012 12/31/12 For Rent $750 -- --
Source: SmartMLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $100,000 None Available
Warranty Deed $100,000 None Available
Warranty Deed $78,000 --
Warranty Deed $78,000 --
Warranty Deed $138,765 --
Warranty Deed $138,765 --
Warranty Deed $70,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $130,000 Stand Alone Refi Refinance Of Original Loan
Closed $97,500 Commercial
Previous Owner $79,100 New Conventional
Previous Owner $58,500 New Conventional
Source: Public Records

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Source: SmartMLS

MLS Number: 24072916

SmartMLS

APN: TORR-000119-000004-000019