Torrington, Litchfield County
Apartment and Multifamily appraisal in Torrington, CT
MAI-led appraisals of apartment property in Torrington for lenders, estates, owners, investors and attorneys.
Apartment and Multifamily property in Torrington
Torrington is the largest rental market in Litchfield County, with older multifamily houses and downtown upper-floor apartments making up most of the market.
- 19%of our Torrington work is apartment property
- #1Litchfield County town for our apartment work
- Partnerinspects every property and signs every report
How we value apartment property
Rent roll and lease terms
Actual rents compared with market rents, unit mix, vacancy, and who pays heat, hot water and electric.
Operating expenses
Taxes, insurance, utilities, repairs and management, checked against comparable buildings so the net income is realistic.
Capitalization rate
Supported by local apartment sales, not national surveys.
Condition and deferred maintenance
Roofs, heating systems, lead and code issues all matter, especially in older Connecticut buildings.
What to send us
- Current rent roll with unit mix and lease dates
- Two to three years of operating statements
- Real estate tax bill and insurance cost
- List of recent capital improvements
Learn more about apartment and multifamily appraisals or our work across Torrington.
Apartment and Multifamily appraisals in Torrington: common questions
Do you appraise apartment property in Torrington?
Yes. Torrington is one of the towns where we do the most apartment work in Litchfield County, and we inspect every property in person.
Can you do an estate or date-of-death appraisal of a apartment property in Torrington?
Yes. We prepare retrospective appraisals of apartment property in Torrington for executors, estate attorneys and families.
Do you appraise small apartment buildings?
Yes. Two- to six-family and small walk-up buildings are a large share of our apartment work.
Which approach do you use for apartments?
Mainly the income approach, supported by the sales comparison approach. For proposed or newer buildings we also consider cost.
Need a commercial appraisal in Torrington?
Tell us about the property and what the appraisal is for. We will respond with a fee and a delivery date, usually within one business day.