161-175 Kinney St
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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
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
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 Conditions | 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 |
| Price | $1,550,000 |
| Price Per Unit | $193,750 |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| Sale Conditions | 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 |
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 8 | $1,600 | 1,036 |
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Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | TORR-000124-000002-000007 | Total Assessment | $322,580 (2024) |
| Land Assessment | $37,900 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $284,680 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
TORR-000124-000002-000007
Land Assessment
$37,900 (2024)
Improvements Assessment
$284,680 (2024)
Total Assessment
$322,580 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R6 |
| R6 |
-
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161-175 Kinney St
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