291 East Main Street, Torrington, CT, 06790
4 rooms
8 beds
6 Full baths
1920
Units on different Floors
4,431 sqft
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.
Status:
Active
Type:
Multi-family
Laundry Remarks:
Basement Hook-Up(s)
Units:
6
Zoning:
LB
Garage:
2-car Attached Garage, On Street Parking, Driveway
Heating:
Baseboard, Steam
Cooling:
Attic Fan
Basement:
Full
Parking:
2-car
Acreage:
0.14
Est. Taxes:
$9,038
Assessment
$188,410
Lot Description:
Level Lot,Sloping Lot
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
Days on Market:
77
MLS #:
24026201
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Copyright ©2024 SmartMLS, Inc.
Listing courtesy of Mustafa Muaremi, Regency Real Estate, LLC Email: mustafa@regencyhomesct.com