NOT LISTED FOR SALE

63 Hoffman St Torrington, CT 06790

14 Beds
5 Baths
4,954 Sq Ft
0.46 Acres

Last Sold August 26, 2024

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

6 Days on Market

Highlights

  • Property is near public transit
  • 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 Acre Lot

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

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a golf course

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

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

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

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike Gregor

    Seller's Agent in 2024

    Mike Gregor

    Cohen Agency SiM, LLC

    (860) 866-7470

    77 in this area

    151 Total Sales

    Mike Gregor
    Section Image
  • Michelle Grant

    Buyer's Agent in 2024

    Michelle Grant

    Coldwell Banker Premier Real Estate

    (860) 480-0643

    87 in this area

    161 Total Sales

    Michelle Grant
    Section Image

  • W

    Seller's Agent in 2020

    Wieslawa Fretto

    Cohen Agency

    (860) 480-3547

    39 in this area

    47 Total Sales

    Wieslawa Fretto
    Section Image

  • K

    Seller Co-Listing Agent in 2020

    Kevin Hayes

    Cohen Agency

  • Eniko Williams

    Buyer's Agent in 2020

    Eniko Williams

    Cohen Agency SiM, LLC

    (860) 294-1610

    1 Total Sale

    Eniko Williams
    Section Image
  • Gabrielle Peters

    Seller's Agent in 2014

    Gabrielle Peters

    The Bella Group, LLC

    (860) 868-0639

    2 Total Sales

    Gabrielle Peters
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 24029243

SmartMLS

APN: TORR 007853

Connecticut Litchfield County Torrington 06790

63 Hoffman St, Torrington, CT

Not Listed for Sale

MultiFamily

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