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Andrew Davis
FOR SALE
$575,000

291 E Main Street
Torrington, CT 06790

Multi-Family
Residential
8
Beds
6
Baths
4,431
Sq. Ft.
0.14
Acre Lot
Courtesy: Mustafa Muaremi - Regency Real Estate, LLC
Home> Connecticut> Torrington> 06790
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.
24026201
Multi-Family, Other
8
Litchfield
6 Full
1920
0.14 Acres
Public
Aluminum siding,Frame
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Mustafa Muaremi - Regency Real Estate, LLC
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This content last refreshed on 7/18/2024 8:19 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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