83 Birge Street

Description

Timeless charm and solid construction define 83 Birge Street, a beautifully maintained brick multifamily offering durability, privacy, and long-term value. The property features eight spacious two-bedroom units, each with comfortable layouts, all hardwood floors, excellent natural light, and classic details that highlight the quality of construction. A shared laundry room and individual storage units conveniently located on the lower level add everyday functionality for tenants. The building is set on a private lot with open views, providing a sense of separation and tranquility, along with a separate shed and garden area rarely found, while still offering easy access to local amenities and commuter routes. Conveniently located with easy access to Route 8, the property is just minutes from Charlotte Hungerford Hospital, downtown Torrington and the Warner Theatre, as well as major retail including Home Depot, Walmart, and the new Starbucks. The scenic Litchfield Hills are also nearby, adding to the area's appeal. All units feature tenant-paid electric heat, offering the new owner no central mechanical systems to maintain, along with individual thermostats in each unit, keeping operating costs efficient and predictable. The owner currently provides hot water via oil; the system was originally electric and can be converted back to electric if desired, offering future operational flexibility. The property benefits from minimal mechanical complexity. Windows and sliding glass doors have been replaced within the last four years, and each unit enjoys a private balcony with a slider directly off the living space. Covered parking and additional storage further enhance tenant appeal. Market rents are estimated at approximately $1,550 per unit, supporting a stabilized gross income of roughly $158,400 annually. The building's configuration and fundamentals make it well positioned for financing, appealing to both investors and owner-operators seeking stability and upside. A classic Torrington brick asset offering strong income potential, privacy, and convenience.