Listing Summary
Amazing opportunity to acquire a 9 Unit Asset (7 Apartments + 2 Retail) in Torrington with anchor tenant Noli’s Restaurant (Rent $2,266 w 3% increase/year) w over 20 years in business!
Full Description
Amazing opportunity to acquire a 9 Unit Asset (7 Apartments + 2 Retail) in Torrington with anchor tenant Noli’s Restaurant (Rent $2,266 w 3% increase/year) w over 20 years in business! Pride of Ownership is evident with Capital Improvements made by the current owners, including: new water heaters, heating zones, electrical upgrades, fire rated tenant main doors & new fire alarms/strobes in both buildings. The unit mix is: 1, 4 bedroom ($1,100); 4, 2 bedrooms ($1,000; $1,050; $900; 1 vacant to show) and 2, 1 bedroom units ($950 each). The175 Main St had a roof replacement in 2021, a privacy fence enclosure installed & all 4 residential units have gone through renovations. 183 Main St has had a roof replacement in 2023, aft wall structural repair, new studs, insulation, beams & siding. 183 2A has been refurbished. One retail space is leased to Noli’s and Italian Eatery and their space has a patio. They pay their heat and electric. The current owner leased the second retail space to Northwest Soup & Deli ($1500 then $1650 on 1/1/2025) and this establishment has all new equipment. They pay their own electric and a fixed gas, water/sewer reimbursement to the Owner. The residential tenants pay their electric. Owners are very meticulous and detail oriented. This is a seamless opportunity to own a well-run asset.
Quick Glance
- Listing ID:
CL-Connecticut-11549
- Status:
Active
- Year Build:
1900
- Building Size:
4,860 SqFt
- Lot Size:
4,860.00 Acre