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.

Exterior

  • ImprovementsCurb Cut(s), Rough Graded
  • GeneralBalcony, Deck, Gutters, Garden Area, French Doors
  • ParkingParking spaces: 4
  • StyleColonial

Location

  • Road/AccessMunicipal Street
  • CountyLitchfield
  • HOA AmenitiesExercise Room/ Health Club, Grounds Maintenance, Trash Pickup, Snow Removal, Water, Property Management, Insurance, $1,675 Monthly

Lot

  • ZoningLB, 893114
  • Current UseAutomotive Service Center

Utilities

  • UtilitiesElectric, Gas, Telephone, Cable
  • WaterPublic Water Connected
  • SewerNot Connected

Interior

  • GeneralAuto Garage Door Opener, Cable - Pre-wired, Open Floor Plan
  • FlooringConcrete
  • A/CWindow Unit
  • HeatingSteam, Electric, Natural Gas
  • LaundryUpper Level
  • BasementFull, Unfinished
  • FireplaceFireplaces: 1
  • RoomsFoyer, Laundry Room, Mud Room
  • AppliancesAllowance

Construction

  • RoofingAsphalt Shingle

Listing History

  • 07/11/2024Active
  • 06/27/2024Pending
  • 06/18/2024$575,000 @ $130 per ft²
  • 06/18/2024Active
  • 06/18/2024$575,000 @ $130 per ft²
  • 06/18/2024Active
  • 07/27/2017$198,900 @ $45 per ft²
  • 07/27/2017Sold
  • 07/27/2017$94,900 @ $21 per ft²
  • 07/27/2017Sold
  • 07/27/2017$550 @ $0 per ft²
  • 07/27/2017Sold

Property Features

  • 893114
  • Asphalt Shingle
  • Auto Garage Door Opener
  • Automotive Service Center
  • Balcony
  • Cable
  • Cable - Pre-wired
  • Colonial
  • Concrete
  • Curb Cut(s)
  • Deck
  • Electric
  • Exercise Room/ Health Club
  • Fireplaces: 1
  • Foyer
  • French Doors
  • Full
  • Garden Area
  • Gas
  • Grounds Maintenance
  • Gutters
  • Insurance
  • Laundry Room
  • LB
  • Litchfield
  • Mud Room
  • Municipal Street
  • Natural Gas
  • NotConnected
  • Open Floor Plan
  • Parking spaces: 4
  • Property Management
  • Public Water Connected
  • Rough Graded
  • Snow Removal
  • Steam
  • Telephone
  • Trash Pickup
  • Unfinished
  • Upper Level
  • Water
  • Window Unit

    Residential Info

    Property Details

    Address: 291 East Main Street, Torrington, Connecticut 06790