175 Main St - Apartments FOR SALE


Winsted, CT 06098
$995,000 USD
860-480-0567
175 Main St, Winsted, CT for Sale
$995,000 USD
Apartments - FOR SALE
1/57
null | Request Cap Rate

175 Main St
Winsted, CT 06098


HIGHLIGHTS

  • Capital Expenditures: One Roof 2023 & One Roof 2021
  • Strong Anchor Tenant: Noli's - in business for over 20 Years: $2,266 / month + 3% Increase
  • Fire Rated Doors, Fire Alarms & Strobe Lights
  • Pride of Ownership
  • Great Unit Mix

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$205 USD /SF

# OF UNITS

9

PRICE/UNIT

$110,556

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

CB-2

APN/PARCEL ID

WINC-000111-000070-000018

ASK ABOUT THIS PROPERTY

Ryan ReaBerkshire Hathaway New England PropertiesMore Info
860-480-0567

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Ryan ReaBerkshire Hathaway New England PropertiesMore Info
860-480-0567

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