45 Elm St - Apartments FOR SALE


Winsted, CT 06098
$725,000 USD
860-593-9595
45 Elm St, Winsted, CT for Sale
$725,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

45 Elm St
Winsted, CT 06098


HIGHLIGHTS

  • Downtown Winsted
  • Close to college

OVERVIEW

Unlock the potential of this solid 7-unit brick building, featuring a versatile mix of 5 residential apartments and 2 commercial office spaces. Ideal for investors seeking reliable cash flow or developers exploring expansion opportunities, this property offers both immediate income and long-term upside. With proper zoning and approvals, the two office spaces could be converted into additional residential units. The owner currently covers electric for the office spaces. Owner also covers heat and water for all units. A spacious rear lot provides ample off-street parking for tenants. Conveniently located near Routes 8 and 44, this property offers easy access to shopping, dining, Northwestern Connecticut Community College, and a variety of recreational options, making it a consistently easy to rent location. Property to be sold "AS IS."

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$119 USD /SF

# OF UNITS

5

PRICE/UNIT

$145,000

CAP RATE

Request Cap Rate

% LEASED

72%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

45 Elm Street, Winsted

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1880

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CB-3

APN/PARCEL ID

WINC-000110-000052-000007

ASK ABOUT THIS PROPERTY

Ashley ChaiaOxford RealtyMore Info
860-593-9595

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ashley ChaiaOxford RealtyMore Info
860-593-9595

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.