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Come take a look at this 8 unit money maker! 155 Gilbert Ave is located on a quiet side street within walking distance of downtown Winsted and Northwestern Community College. All units have 1 bed and 1 bath. The landlord benefits from a monthly payment from a State of CT program in which many of the tenants are a part of allowing for guaranteed income! There is ample off street parking for tenants and new coin-op laundry in the basement for additional income of around $200/month. Many recent updates have been completed including 2 new hot water heaters, updated plumbing and sewer line, foundation repointing, porch repairs, new rear gutters, and unit upgrades. The property also has a newer roof and windows and the owners are currently working on resurfacing the parking and driveway with a gravel hard pack. This property currently has an 8.9% CAP and 18.3% ROI with potential for a nearly 10% CAP and 21+% ROI. There is nothing to do but start collecting rents at this great income property!

Property Details of 155 Gilbert Avenue Avenue, Winsted

Property Details

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Listed by Maddy Ceruti of Berkshire Hathaway NE Prop.

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