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 wellappointed 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.
DAYS ON MARKET
|
9
|
LAST UPDATED
|
6/18/2024
|
YEAR BUILT
|
1920
|
COUNTY
|
Litchfield
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Commercial
|
AIR |
Window Unit(s) |
AIR CONDITIONING |
Yes |
HEAT |
Electric, Natural Gas, Steam |
LOT |
6098 sq ft |
LOT DESCRIPTION |
Level, Sloped |
SEWER |
Public Sewer |
TAXES |
9036 |
UTILITIES |
Cable Available, Natural Gas Available |
WATER |
Public |
ZONING |
LB |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Ryan
Smith to contact you even if your name is on a Federal or State
"Do not call List".
Listing courtesy of Regency Real Estate, LLC
Copyright Smart MLS. All rights reserved. Information is deemed reliable but not guaranteed to be accurate.
This IDX solution is (c) Diverse Solutions 2024.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts