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$550,000
Est. payment /mo
7 Beds
6 Baths
2,807 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 2,807 sqft
Price per Sqft $195
MLS Listing ID 24220178
Style Units on different Floors,Units are Side-by-Side
Bedrooms 7
Full Baths 6
Year Built 1900
Annual Tax Amount $10,034
Lot Size 8,712 Sqft
Property Sub-Type 5 Family+
Property Description
Six-unit multifamily investment opportunity offering existing rental income with additional upside. Located at 83 Brook Street in Torrington, this property features five 1-bedroom units and one 2-bedroom unit, with four currently occupied and two vacant. The occupied units generate $4,245 in scheduled monthly rental income, while the vacancies provide an opportunity for turnover, improvements, and leasing at current market rents. The property features vinyl siding, electric heat, separate electric meters, two levels of covered front porches, and plenty of off-street parking. With a practical unit mix and separately metered utilities, the building offers investors an opportunity to manage operating expenses while working toward increased occupancy and stronger rental performance. Current rents include Unit 3 at $825, Unit 4 at $1,000, Unit 5 at $1,250, and Unit 6 at $1,170 per month. Units 1 and 2 are vacant. A solid opportunity for investors looking to expand their multifamily portfolio and add value through property improvements and rental adjustments. Property is being sold strictly as-is, with all existing contents to remain. Buyer responsible for cleanout, repairs, and any necessary improvements.
Location
State CT
County Litchfield
Zoning R6
Rooms
Basement Full
Interior
Heating Radiator
Cooling None
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Masonry, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Listed by Mustafa Muaremi • Coldwell Banker Realty
NEARBY SCHOOL & BUSINESS
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