About 243 North Elm Street
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!
Features of 243 North Elm Street
| MLS® # | 24085219 |
|---|---|
| Price | $1,150,000 |
| Bedrooms | 15 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 5,755 |
| Acres | 0.17 |
| Type | Multi-Family For Sale |
| Sub-Type | 5 Family+ |
| Style | Units on different Floors, Units are Side-by-Side |
| Status | Active |
Community Information
| Address | 243 North Elm Street |
|---|---|
| Area | N/A |
| City | Torrington |
| County | Litchfield |
| State | Connecticut |
| Zip Code | 06790 |
Amenities
| Features | Thermopane Windows |
|---|---|
| Parking Spaces | 20 |
| Parking | None, Parking Lot, Off Street Parking |
| Is Waterfront | No |
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Heating | Baseboard, Natural Gas |
|---|---|
| Cooling | None |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Vinyl Siding, Brick, Stucco |
|---|---|
| Exterior Features | Sidewalk, Gutters, Lighting |
| Lot Description | Level Lot |
| Roof | Asphalt Shingle, Flat |
| Foundation | Concrete |
School Information
| Elementary | Per Board of Ed |
|---|---|
| Middle | Per Board of Ed |
| High | Per Board of Ed |
Additional Information
| Date Listed | April 16th, 2025 |
|---|---|
| Days on Market | 174 |
| Zoning | LB |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Right Choice |
|---|