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146 Clarence Street Torrington, CT 06790
5 Beds
3 Baths
2,304 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,304 sqft
Price per Sqft $177
MLS Listing ID 24220443
Style Units on different Floors,3updown - Unit(s) per Floor
Bedrooms 5
Full Baths 3
Year Built 1910
Annual Tax Amount $6,059
Lot Size 8,276 Sqft
Property Sub-Type 3 Family
Property Description
ALSO OFFERED AS PORTFOLIO SALE WITH 7 GEORGE ST, TORRINGTON, CT 06790 (MLS #24220536). Fully occupied and renovated just over one year ago, this 3-family investment property offers exceptional cash flow with an estimated 10%+ cap rate. With $53,856 in annual in-place gross operating income, long-term leases, and approx. $42,545 in annual net operating income, this property offers immediate income from day one, along with the flexibility to occupy one of the units in the future to subsidize personal housing costs. Recent improvements include updated electrical panels, select appliances and water heaters, and an expanded private parking area with six private gravel spaces, a valuable advantage over competing nearby rentals. Each unit features its own private entrance, while a partially fenced backyard provides additional outdoor space. Units 1 and 2 have in-unit laundry. The spacious basement presents opportunities for additional income through paid tenant storage or expanded laundry hook-ups, subject to approvals. Paid parking spaces could also offer future rental income potential. Conveniently located in central Torrington, just off S Main Street, with access to major roadways, public transportation, and many local employers. An opportunity to acquire an established, income-producing property with meaningful long-term cash flow potential.
Location
State CT
County Litchfield
Zoning R6
Rooms
Basement Full, Unfinished, Storage, Concrete Floor
Interior
Heating Baseboard
Cooling Window Unit
Exterior
Parking Features Driveway
Waterfront Description Not Applicable
Roof Type Shingle
Building
Lot Description Level Lot
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Colin Capparelle • Planet Realty, LLC
Nearby Locations