Published on: Saturday, August 24, 2024
Updated on: Saturday, August 24, 2024
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About the Lister
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Name: Lisa Cozzi
Company: Berkshire Hathaway New England Properties
Office Phone: 860-508-2102
Cell Phone: 860-508-2102
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Financing  Business  Material
  9 Units Aprtment Building
175 Main St Winsted Connecticut , 06098
175 Main St Winsted Connecticut                                                                                         , 06098 Berkshire Hathaway New England Properties
Listing ID: CL-Connecticut-11549

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-Connecticut-11549
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1900
Building Size: 4,860 SqFt
Lot Size: 4,860 SqFt.
No of Stories: 3
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
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!
Complete Details
Year Build: 1900
Building Size: 4,860 SqFt.
No of Stories: 3
Total Lot Area: 4860 SqFt.
No of Parking: N/A
No of Total Units: 9
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
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.
Additional Properties
Property Highlights
  • Capital Expenditures: One Roof 2023 & One Roof 2021
  • Great Unit Mix
  • Strong Anchor Tenant: Noli's - in business for over 20 Years: $2,266 / month + 3% Increase
  • Pride of Ownership
  • Fire Rated Doors, Fire Alarms & Strobe Lights
Listing Location
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Modified On: 9/7/2024
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Address: 219 Kimberly Avenue , New Haven Connecticut 06519
Listing ID: RL-Connecticut-11725
Listing Type: Residential
Category: Residential Type - Multifamily
Status: Active
Created On: 9/7/2024
Modified On: 9/7/2024
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Listing ID: CL-Connecticut-11724
Listing Type: Commercial
Category: Multifamily - Student Apartments
Status: Active
Created On: 9/7/2024
Modified On: 9/7/2024
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