291 East Main Street

Torrington, CT 06790

$575,000
Price
8
Beds
6
Baths
4,431 Sq. Ft.
$130 / Sq. Ft.
4,431
Sq. Ft.
$130
per Sq. Ft.

Description

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...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.
  1. Listed by Mustafa Muaremi • Regency Real Estate, LLC
    P: (860)-877-4682 C: (860)-877-4682 mustafa@regencyhomesct.com

Property Details for 291 East Main Street

Basement Description
Full
Direct Waterfront
No
Garages Number
2
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
Attached Garage, On Street Parking, Driveway
Swimming Pool
No
LISTING UPDATED: 08/20/2024 12:19 AM

Property Details for 291 East Main Street

StatusActive
MLS #24026201
Days on Market120
Taxes$9,038 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1920
Lot Size0.14 AC / 6,098 SF
CountyLitchfield County

Building Information for 291 East Main Street

Stories-Residences6Year Built1920Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 291 East Main Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.804832
  • Longitude: -73.11564
  • State: Connecticut
Parking
  • Parking Total Spaces: 2
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $9,038
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Access Via Hatch
  • Cooling System: Attic Fan
  • Heat Type: Baseboard, Steam
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Laundry Room Info: Basement Hook-Up(s)
  • Rooms Total: 4
Property
Property and Assessments
  • Construction Description: Frame
  • Driveway Type: Shared
  • Exterior Siding: Aluminum
  • Foundation Type: Brick, Stone
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1920
  • Year Built Source: Public Records
  • Bank Owned Property: No
Lot Information
  • Lot Description: Level Lot, Sloping Lot
  • Parcel Number: 893114
  • Sq Ft Est Heated Above Grade: 4431.0
  • Sq Ft Total: 4431.0
  • Zoning: LB
Utilities
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Natural Gas, Tankless Hotwater
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 6
  • Total Rooms Multi Family: 4
Unit 1
  • Lease: Leased
  • Lease Expires: 03-31-2024
  • Listing Key: 1B1B5EF4CB592A48E0631401100AD473
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 08-20-2024
  • Unit Monthly Rent: $945
  • Unit Num Bedrms: 2
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Lease Expires: 10-31-2024
  • Listing Key: 1B1B5EF4CB592A48E0631401100AD473
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 08-20-2024
  • Unit Monthly Rent: $975
  • Unit Num Bedrms: 1
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Lease Expires: 10-31-2024
  • Listing Key: 1B1B5EF4CB592A48E0631401100AD473
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 08-20-2024
  • Unit Monthly Rent: $1,100
  • Unit Num Bedrms: 2
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Leased
  • Lease Expires: 06-30-2024
  • Listing Key: 1B1B5EF4CB592A48E0631401100AD473
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 08-20-2024
  • Unit Monthly Rent: $850
  • Unit Num Bedrms: 1
  • Unit Occupied By: Tenant
Unit 5
  • Lease: Leased
  • Lease Expires: 04-30-2024
  • Listing Key: 1B1B5EF4CB592A48E0631401100AD473
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 08-20-2024
  • Unit Monthly Rent: $965
  • Unit Num Bedrms: 1
  • Unit Occupied By: Tenant
Unit 6
  • Listing Key: 1B1B5EF4CB592A48E0631401100AD473
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Modified Date: 08-20-2024
  • Unit Monthly Rent: $1,100
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Vacant

Property History for 291 East Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 291 East Main Street

Taxable ValueLand$42,370Additions$146,040Total$188,410
Tax Record2024$9,038 ($753 / month)
Home Facts
Total Finished SqFt4,431 SqFtAbove Grade Finished SqFt4,431 SqFtUnfinished Basement SqFt2,311 SqFtStories2Lot Size6,098 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningLBCountyLITCHFIELDAPNTORR M:125 B:002 L:003

Schools near 291 East Main Street

This home is within Torrington School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 6 to 8
Public - 9 to 12
Public - 4 to 5
Rating
School
Distance
Vogel-Wetmore School
PublicK to 3

Torrington Middle School
Public6 to 8

Torrington High School
Public9 to 12

Southwest School
Public4 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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291 East Main Street is a multi-family home for sale in Torrington, CT 06790. This property was listed for sale on June 18, 2024 by Regency Real Estate, LLC, it's currently listed at $575,000. It has been on the market for a total of 120 days and was last sold on February 9, 2023. This listing's school district is Torrington School District. Nearby schools include Vogel-Wetmore School, Torrington Middle School and Torrington High School. 291 East Main Street is a 8-bed, 6-bath, 4,431 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Regency Real Estate, LLC, Mustafa Muaremi

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.