List Price

$575,000

Status

Active

Type

Multi-Family

Beds

8

Baths

6

Sq. Ft.

4,431

Built

1920

Acres

0.14

$ / Sq. Ft.

$130

FeeKeeper

80

Style

Units on different Floors

Taxes

$9,038

Nearby Schools
Neighborhood
Tranquility
Market Insights
Property History
Public Records

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.

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$11,500

$575,000 • 2.00%

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Questions

FeeKeeper is here to help, reach out with any questions you may have.

(860) 310-1255

Brokered By

Mustafa Muaremi, Regency Real Estate, LLC

  • Last Checked 1 Minute
  • Last MLS Update 19 Days

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