243 N Elm St Torrington, CT 06790
Estimated payment $7,305/month
Highlights
- Property is near public transit
- Baseboard Heating
- Level Lot
- Thermal Windows
- Coin Laundry
About This Home
ATTENTION INVESTORS! Turnkey 5-unit income-producing property in the desirable north end of town with a 7.72% 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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,774
Year Built
- Built in 1900
Lot Details
- 7,405 Sq Ft Lot
- Level Lot
Parking
- 20 Parking Spaces
Home Design
- Side-by-Side
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Masonry Siding
- Vinyl Siding
- Stucco Exterior
Interior Spaces
- 5,755 Sq Ft Home
- Thermal Windows
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 15 Bedrooms
- 5 Full Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
- Property is near shops
- Property is near a golf course
Utilities
- Baseboard Heating
- Heating System Uses Natural Gas
Community Details
- 5 Units
- Coin Laundry
- Gross Income $113,400
Listing and Financial Details
- Assessor Parcel Number 882769
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/16/2025 04/16/25 | For Sale | $1,150,000 | +109.1% | $200 / Sq Ft |
| 05/28/2024 05/28/24 | Sold | $550,000 | 0.0% | $96 / Sq Ft |
| 04/02/2024 04/02/24 | Pending | -- | -- | -- |
| 03/28/2024 03/28/24 | For Sale | $550,000 | 0.0% | $96 / Sq Ft |
| 02/04/2024 02/04/24 | Pending | -- | -- | -- |
| 01/20/2024 01/20/24 | For Sale | $550,000 | 0.0% | $96 / Sq Ft |
| 08/18/2020 08/18/20 | Rented | $850 | 0.0% | -- |
| 08/12/2020 08/12/20 | Under Contract | -- | -- | -- |
| 08/10/2020 08/10/20 | For Rent | $850 | 0.0% | -- |
| 06/01/2019 06/01/19 | Rented | $850 | 0.0% | -- |
| 06/01/2019 06/01/19 | Under Contract | -- | -- | -- |
| 05/14/2019 05/14/19 | For Rent | $850 | 0.0% | -- |
| 04/24/2019 04/24/19 | Under Contract | -- | -- | -- |
| 03/26/2019 03/26/19 | For Rent | $850 | -5.6% | -- |
| 12/08/2018 12/08/18 | Rented | $900 | +5.9% | -- |
| 10/31/2018 10/31/18 | Under Contract | -- | -- | -- |
| 10/26/2018 10/26/18 | For Rent | $850 | 0.0% | -- |
| 05/11/2017 05/11/17 | Sold | $266,000 | -9.8% | $46 / Sq Ft |
| 01/10/2017 01/10/17 | For Sale | $295,000 | 0.0% | $51 / Sq Ft |
| 12/04/2016 12/04/16 | Pending | -- | -- | -- |
| 11/14/2016 11/14/16 | For Sale | $295,000 | -- | $51 / Sq Ft |
Source: SmartMLS
MLS Number: 24085219
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