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161-175 Kinney St 8 Unit Apartment Building $1,550,000 ($193,750/Unit) 6.57% Cap Rate Torrington, CT 06790
EXECUTIVE SUMMARY
Don't miss the opportunity to purchase this well maintained 8 unit townhouses in Torrington, all 8 units are side by side and comprised of 2 bedrooms / 1.5 bathrooms, all units have separate meters for electric and gas. The units are spacious and feature many luxury amenities such as private entrances, single car heated garages, central air. all units are below market rent with room to increase
PROPERTY FACTS
| Price | $1,550,000 | Apartment Style | Townhome |
| Price Per Unit | $193,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.71 AC |
| Cap Rate | 6.57% | Building Size | 8,288 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.33 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1973 |
| Property Type | Multifamily | Parking Ratio | 1.73/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R6 - General Residences | ||
| Price | $1,550,000 |
| Price Per Unit | $193,750 |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.33 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 8,288 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.73/1,000 SF |
| Zoning | R6 - General Residences |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer Hookup
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | TORR-000124-000002-000007 | Improvements Assessment | $757,470 |
| Land Assessment | $28,630 | Total Assessment | $786,100 |
PROPERTY TAXES
Parcel Number
TORR-000124-000002-000007
Land Assessment
$28,630
Improvements Assessment
$757,470
Total Assessment
$786,100
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161-175 Kinney St
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