291 East Main Street
$575,000
8
6
4,431
4,431
$130
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.
- Listed by Mustafa Muaremi • Regency Real Estate, LLCP: (860)-877-4682 C: (860)-877-4682 mustafa@regencyhomesct.com
Property Details for 291 East Main Street
Basement Description
Full
Direct WaterfrontNo
Garages Number2
NeighborhoodN/A
StyleUnits on different Floors
Garage Parking InfoAttached Garage, On Street Parking, Driveway
Swimming PoolNo
LISTING UPDATED: 08/20/2024 12:19 AM
Property Details for 291 East Main Street
Status | Active |
---|---|
MLS # | 24026201 |
Days on Market | 120 |
Taxes | $9,038 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / 5 Family+ |
Year Built | 1920 |
Lot Size | 0.14 AC / 6,098 SF |
County | Litchfield 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
Property History for 291 East Main Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.