291 East Main Street

Torrington, Connecticut 06790

Status
Off Market
Square Feet
4,431
Beds
8
Price
$575,000
Type
Multi-Family For Sale
Garages
2
Baths
6
MLS
24026201

Price

$575,000

Agent

Mustafa Muaremi
(860) 877-4682

Schedule A Showing

Interior Details

Interior Size
4,431 Sq Ft
Bedrooms
8
Bathrooms
6
Rooms Total
Garage
2

Exterior Details

Lot Size
0.14 Acres
Roof
Asphalt Shingle
Sewer
Public Sewer Connected
Construction
Construction
Cooling
Attic Fan

Other Information

Property Tax
$9,038
Assessed Value
$188,410
Elementary School
Per Board of Ed
Middle School
NULL
High School
Per Board of Ed

About Property

Attention Investors! Discover a remarkable opportunity at 291 E Main St, Torrington, CT - a turn-key Six-Unit Multi-Family building with a compelling 7.3% cap rate in a prime location. This income-generating property features two spacious 2-bedroom apartments and four well-appointed 1-bedroom units. Benefit from numerous recent upgrades, include newer high-efficiency gas boilers/water heaters, roof ripped and replaced in 2013, as well as updated windows throughout, all designed to minimize maintenance costs. Strategically located near major highways and the vibrant downtown Torrington area, this property offers residents easy access to a variety of shopping, dining, and entertainment options. The nearby Warner Theatre, Museums, Coe Memorial Park, and Burr Pond State Park provide ample recreational opportunities, enhancing tenant appeal. As an investor, you'll appreciate the potential for growth. With a conservative rental increase, this property could achieve a remarkable 9.2% Cap Rate, capitalizing on the strong Torrington rental market that has seen a steady increase over the past year and projected to grow 4.5% by early 2025.Don't miss this exceptional investment opportunity.

Schedule Showing