NOT LISTED FOR SALE

63 Hoffman St Torrington, CT 06790

14 Beds
5 Baths
4,954 Sq Ft
20,038 Sq Ft

Last Sold August 26, 2024

Last sale price $570,000 $115 Per Sq Ft

6 Days on Market

Highlights

  • Property is near golf course, public transit, and shops
  • Baseboard Heating
  • Coin Laundry

About This Home

As of August 2024

ATTENTION INVESTORS: Turnkey 5-unit income producing property in the west end of town! This property features a 2-family home with two 3-bedroom apartments, a 3-family home with a 2 bedroom apartment and two 3-bedroom apartments, plus a 3-car carport. Plenty of off-street parking. All tenants pay their own utilities. Property is currently at an 8.1% CAP rate with potential for a 10%+ CAP rate at fair market rents with some improvements!

Last Agent to Sell the Property

Mike Gregor

Cohen Agency SiM, LLC License #REB.0791010 Listed on: 06/29/2024

Last Buyer's Agent

Michelle Grant

Coldwell Banker Premier Real Estate License #RES.0791605

Coldwell Banker Premier Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,592

Year Built

  • Built in 1900

Lot Details

  • 0.46

Parking

  • 3 Car Garage

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 4,954 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Wall Furnace
  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Additional Features

  • 0.46 Acre Lot
  • Property is near golf course, public transit, and shops

Community Details

  • 5 Units
  • Coin Laundry
  • Gross Income $66,564

Listing and Financial Details

  • Assessor Parcel Number 889460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,592

Year Built

Built in 1900

Lot Details

0.46 Acres

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 4954
  • Total Sq Ft: 4954
  • Year Built: 1900
  • New Construction: No/Resale
  • Nearby Amenities: Commuter Bus, Golf Course, Health Club, Lake, Library, Medical Facilities, Park, Shopping/Mall
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Directions: GPS
  • Financing Used: Conventional Fixed
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 14
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Basement Description: Full, Unfinished
  • Laundry Room Location: Front building basement
  • Laundry Room Info: Coin Op Laundry
  • Attic: No

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 3
  • Total Parking Spaces: 10
  • Garage And Parking: Carport, Parking Lot, Off Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Baseboard, Gas on Gas, Wall Unit
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Natural Gas, Electric, 30 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.46
  • Lot Description: Lightly Wooded Level Lot
  • Zoning: R6
  • Parcel #: 889460

Multi Family

  • Gross Annual Income: 66564
  • Total Number Of Units: 5

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 7592

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Per Board of Ed
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2024 08/26/24 Sold $570,000 +7.6% $115 / Sq Ft
07/05/2024 07/05/24 Pending -- -- --
06/29/2024 06/29/24 For Sale $529,900 0.0% $107 / Sq Ft
11/08/2023 11/08/23 Rented $1,000 +5.3% --
11/05/2023 11/05/23 Under Contract -- -- --
10/03/2023 10/03/23 For Rent $950 0.0% --
09/03/2020 09/03/20 Sold $200,000 +0.1% $40 / Sq Ft View Prior Sale
08/15/2020 08/15/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $199,900 0.0% $40 / Sq Ft
04/05/2020 04/05/20 Rented $625 -7.4% --
02/28/2020 02/28/20 Price Changed $675 -3.6% $1 / Sq Ft
11/22/2019 11/22/19 For Rent $700 -9.7% --
12/30/2018 12/30/18 Rented $775 0.0% --
12/30/2018 12/30/18 Under Contract -- -- --
11/30/2018 11/30/18 For Rent $775 +10.7% --
08/18/2016 08/18/16 Rented $700 -6.7% --
06/24/2016 06/24/16 For Rent $750 +20.0% --
09/11/2014 09/11/14 Rented $625 -7.4% --
09/11/2014 09/11/14 Under Contract -- -- --
07/08/2014 07/08/14 For Rent $675 -- --
Source: SmartMLS

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
2025 $14,943 $388,640 $24,010 $364,630
2024 $7,592 $158,260 $24,010 $134,250
2023 $7,590 $158,260 $24,010 $134,250
2022 $7,460 $158,260 $24,010 $134,250
2021 $7,307 $158,260 $24,010 $134,250
2020 $7,307 $158,260 $24,010 $134,250
2019 $6,814 $147,580 $29,490 $118,090
2018 $6,814 $147,580 $29,490 $118,090
2017 $6,752 $147,580 $29,490 $118,090
2016 $6,752 $147,580 $29,490 $118,090
2015 $6,752 $147,580 $29,490 $118,090
2014 $6,895 $189,850 $40,260 $149,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24029243

SmartMLS

APN: TORR 007853

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