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Property 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 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.

Features
: Baseboard, Steam
: Attic fan
: Full
: Asphalt shingle
: Attached garage, On street parking, Driveway
Address Map
US
CT
Litchfield
Torrington
06790
Main
291
0
E0° 0' 0''
N0° 0' 0''
MLS Addon
GPS Friendly
: Not applicable
: Public water connected
63
Per Board of Ed
$0
2
: Natural gas, Electric
Mustafa Muaremi
RREL01
Regency Real Estate, LLC
: No/resale
2
893114
: Public sewer connected
East
July 2024-June 2025
0
6
0
0
Units on different Floors
LB

Listing courtesy of Mustafa Muaremi from Regency Real Estate, LLC

Multi-family For Sale

291 Main, Torrington, Connecticut 06790

8 Bedrooms
6 Bathrooms
4,431 Sqft
$575,000
Listing ID #24026201
Basic Details
Property Type : Multi-family For Sale
Listing ID : 24026201
Price : $575,000
Bedrooms : 8
Baths Total : 6
Bathrooms : 6
Half Bathrooms : 0
Square Footage : 4,431 Sqft
Year Built : 1920
Lot Area : 0.14 Acre
Status : Active
Property Sub Type : 5 Family+
Agent/Office Info
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