Published on: Wednesday, November 6, 2024
Updated on: Wednesday, November 6, 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
  Exceptional Multifamily
155 Gilbert Ave Winsted Connecticut , 06098
155 Gilbert Ave Winsted Connecticut                                                                                         , 06098Berkshire Hathaway New England Properties
Listing ID: CL-Connecticut-12714

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 7.8
Net Operating Income: $64,765
Commission Split (%): 0
Quick Glance
Listing ID: CL-Connecticut-12714
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: N/A
Building Size: N/A SqFt
Lot Size: N/A
No of Stories: 2
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
Rare opportunity to secure 8 units under one roof! Fantastic location within walking distance of downtown Winsted and Northwestern Community College. Well-maintained and managed, this property presents a new owner the opportunity for cash flow out of the gate, with value to be added.
Complete Details
Year Build: N/A
Building Size: N/A SqFt.
No of Stories: 2
Total Lot Area: N/A Acre
No of Parking: N/A
No of Total Units: 8
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: 100%
Full Description
Rare opportunity to secure 8 units under one roof! Fantastic location within walking distance of downtown Winsted and Northwestern Community College. Well-maintained and managed, this property presents a new owner the opportunity for cash flow out of the gate, with value to be added. 5 of the 8 units are connected with a state subsidy program allowing for guaranteed monthly income. Additional value add opportunity with a spacious basement for storage and coin-op laundry in basement (currently not in use, but functional). Numerous upgrades have been done to the property including unit updates, plumbing/sewer lines replacement, roof, windows, gutters, foundation repointing, and numerous mechanicals replaced. Plenty of off street parking available for tenants. This property is historically run at 100% occupancy and will continue to be a low maintenance, cash producing asset for years to come!
Additional Properties
Property Highlights
  • Consistently run at 100% occupancy, offering low-maintenance, long-term income potential.
  • Recent updates include unit renovations, new plumbing/sewer lines, roof, windows, gutters, foundation repointing, and replaced mechanicals.
  • Spacious basement suitable for storage and coin-operated laundry (functional but currently unused).
  • 5 units leased through a state subsidy program, ensuring guaranteed monthly income.
  • Walking distance to downtown Winsted and Northwestern Community College.
Listing Location
Lister's other Properties
Address: 78 Everett St , Southbridge Massachusetts 01550
Listing ID: RL-Massachusetts-129
Listing Type: Residential
Category: Residential Type - Multifamily
Status: Active
Created On: 11/22/2024
Modified On: 11/22/2024
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Address: 25 Adenas Walk #25, Glastonbury, CT 06033 , Glastonbury Connecticut 06033
Listing ID: RL-Connecticut-12925
Listing Type: Residential
Category: Residential Type - Condo/Townhouse
Status: Active
Created On: 11/22/2024
Modified On: 11/22/2024
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Address: 58 Post Road, Fairfield, CT 06824 , Fairfield Connecticut 06824
Listing ID: CL-Connecticut-12924
Listing Type: Commercial
Category: Retail - Mixed Use
Status: Active
Created On: 11/22/2024
Modified On: 11/22/2024
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Address: 732 Silas Deane Highway , Wethersfield Connecticut 06109
Listing ID: BZ-Connecticut-12918
Listing Type: Business
Category: Retail - Grocery
Status: Active
Created On: 11/22/2024
Modified On: 11/22/2024
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Address: 278 Priscilla Street , Bridgeport Connecticut 06610
Listing ID: CL-Connecticut-12915
Listing Type: Commercial
Category: Multifamily - Other
Status: Active
Created On: 11/22/2024
Modified On: 11/22/2024
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