74 Riverside Ave

Torrington, CT 06790

$395,000
Last Sold Price
9
Beds
3,650 Sq. Ft.
$108 / Sq. Ft.
3,650
Sq. Ft.
$108
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 2/15/24
Closed 2/15/24
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Description

Unique, "As Is" 3 building, 4-unit Investment opportunity! 74 Riverside Avenue: A lucrative opportunity for strategic investors. Conveniently located close to a park, a hospital, and several retail shopping centers, this property is a gateway to maximizing your profitability. Location boasts off-street parking for all units, well kept mechanicals, and convenient in-unit laundry hook-ups. Currently, rental income lags behind market rates, making it ripe for transformation through minor cosmetic upgrades....Unique, "As Is" 3 building, 4-unit Investment opportunity! 74 Riverside Avenue: A lucrative opportunity for strategic investors. Conveniently located close to a park, a hospital, and several retail shopping centers, this property is a gateway to maximizing your profitability. Location boasts off-street parking for all units, well kept mechanicals, and convenient in-unit laundry hook-ups. Currently, rental income lags behind market rates, making it ripe for transformation through minor cosmetic upgrades. This could be a game-changing investment, come experience it firsthand! Agent related.
  1. Listed by Cathy J Hayes • Dave Jones Realty, LLC
    P: (860)-309-6079 C: (860)-309-6079 cathy.jo.hayes@gmail.com

Property Details for 74 Riverside Avenue

Basement Description
Full With Hatchway, Unfinished, Concrete Floor, Interior Access, Hatchway Access, Sump Pump
Direct Waterfront
No
Garages Number
5
Neighborhood
N/A
Garage Parking Info
Attached Garage, Paved, Off Street Parking
Swimming Pool
No
LISTING CLOSED: 02/15/2024 12:00 AM

Property Details for 74 Riverside Avenue

StatusClosed
MLS #170595338
Days on Market7
Taxes$8,031 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / 4 Family
Year Built1880
Lot Size0.44 AC / 19,166 SF
CountyLitchfield County
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Location

Listing Courtesy of Dave Jones Realty, LLC, Cathy J Hayes

Sold By RE/MAX Right Choice, Jaquan Jones

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Building Information for 74 Riverside Avenue

Stories-Residences4Year Built1880Building Size-Lot Size0.44 AC / 19,166 SF

Payment Calculator

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$2,638 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,968

Property Taxes

$669

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 74 Riverside Avenue

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Available through GPS
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Per Board of Ed
  • Intermediate School: Per Board of Ed
  • Latitude: 41.806038
  • Longitude: -73.132276
  • Middle Jr High School: Per Board of Ed
  • Neighborhood Amenities: Library, Medical Facilities, Park, Playground/Tot Lot, Shopping/Mall
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Sewer Usage Fee Annual: $1,568
  • Tax Year: July 2023-June 2024
  • Property Tax: $8,031
Virtual Tour
  • Virtual Tour: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony, Barn, Gutters, Lighting, Shed, Sidewalk
  • Waterfront Description: Brook
Interior Features
  • Attic Description: Walk-up
  • Cooling System: Ceiling Fans
  • Heat Type: Gas on Gas, Wood/Coal Stove
  • Attic YN: Yes
  • Fireplaces Total: 1
  • Laundry Room Info: All Units Have Hook-Ups, Washer/Dryer All Units
  • Rooms Total: 20
Property
Property and Assessments
  • Construction Description: Frame
  • Driveway Type: Private, Paved, Cement
  • Exterior Siding: Clapboard, Cedar
  • Foundation Type: Concrete, Stone
  • Fuel Tank Location: Above Ground
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle, Wood Shingle
  • Year Built: 1880
  • Year Built Source: Public Records
  • Bank Owned Property: No
Lot Information
  • Lot Description: Water View
  • Parcel Number: 884101
  • Sq Ft Est Heated Above Grade: 3650.0
  • Sq Ft Total: 3650.0
  • Zoning: R6
Utilities
  • Heat Fuel Type: Electric, Natural Gas, Oil
  • Hot Water Description: 30 Gallon Tank
  • Radon Mitigation Air: Unknown
  • Radon Mitigation Water: Unknown
  • Sewage System: Public Sewer Connected
  • Sewer Assess Description: city
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 23000
  • Gross Annual Income: 40080
  • Net Operating Income: $17,080
  • Occupied By: Tenant
  • Total Number of Units: 4
  • Total Rooms Multi Family: 20
Building Details
  • Unit Count: 4
Unit 1
  • Lease: Monthly
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 04-25-2024
  • Unit Monthly Rent: $740
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Monthly
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 04-25-2024
  • Unit Monthly Rent: $800
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 6
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Monthly
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 04-25-2024
  • Unit Monthly Rent: $910
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 6
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Monthly
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 04-25-2024
  • Unit Monthly Rent: $890
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant

Property History for 74 Riverside Avenue

DateEvent & SourcePriceAppreciation
Feb 15, 2024

Closed (Public Record)

Public Record #1527326167

$395,000

+12.9% / yr

Jan 30, 2018

Closed (Public Record)

Public Record #616883488

$190,000—
DateEvent & SourcePrice
02/15/2024

Closed (Public Record)

Public Record #1527326167

$395,000

+12.9% / yr

01/30/2018

Closed (Public Record)

Public Record #616883488

$190,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 74 Riverside Avenue

Taxable ValueLand$20,580Additions$254,240Total$274,820
Tax Record2024$10,567 ($881 / month)
Home Facts
Lot Size19,166 SqFtStyleMulti-Family Dwelling (2-4)ZoningR6CountyNORTHWEST HILLSAPNTORR M:109 B:010 L:004

Schools near 74 Riverside Avenue

This home is within Torrington School District.
Rating
School
Type
Grades
Distance
Abc / Torringford
Public - 2 to 5
Torrington Middle School
Public - 6 to 8
Torrington High School
Public - 9 to 12
Torringford School
Public - PK to 3
Rating
School
Distance
Abc / Torringford
Public2 to 5

Torrington Middle School
Public6 to 8

Torrington High School
Public9 to 12

Torringford School
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Dave Jones Realty, LLC, Cathy J Hayes

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.