$590,000
$625,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
3,963 SqFt
SOLD DATE : 10/15/2021
Key Details
Sold Price $590,000
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Sold
Purchase Type For Sale
Square Footage 3,963 sqft
Price per Sqft $148
MLS Listing ID 170412527
Sold Date 10/15/21
Style Units on different Floors,Units are Side-by-Side
Year Built 1900
Annual Tax Amount $5,158
Lot Size 1.280 Acres
Property Description
Come take a look at this 8 unit money maker! 155 Gilbert Ave is located on a quiet side street within walking distance of downtown Winsted and Northwestern Community College. All units have 1 bed and 1 bath. The landlord benefits from a monthly payment from a State of CT program in which many of the tenants are a part of allowing for guaranteed income! There is ample off street parking for tenants and new coin-op laundry in the basement for additional income of around $200/month. Many recent updates have been completed including 2 new hot water heaters, updated plumbing and sewer line, foundation repointing, porch repairs, new rear gutters, and unit upgrades. The property also has a newer roof and windows and the owners are currently working on resurfacing the parking and driveway with a gravel hard pack. This property currently has an 8.9% CAP and 18.3% ROI with potential for a nearly 10% CAP and 21+% ROI. There is nothing to do but start collecting rents at this great income property!
Location
State CT
County Litchfield
Zoning R-3
Rooms
Basement Full
Interior
Heating Hot Air
Cooling Window Unit
Exterior
Garage Off Street Parking, Parking Lot
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Treed
Foundation Concrete, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Maddy Ceruti • Berkshire Hathaway NE Prop.
GET MORE INFORMATION
Broker | REB.0791464