291 Main StTorrington, CT 06790

This exceptional investment opportunity presents a six-unit apartment building located at 291 E Main St, Torrington, CT, 06790. The property, situated on a 0.14-acre lot (APN 893114), boasts a total of 4,431 square feet and features a mix of unit sizes: two spacious two-bedroom apartments and four well-appointed one-bedroom units. Built in 1920, the building has undergone significant upgrades, including a new roof (2013), updated windows throughout, and the installation of newer, high-efficiency gas boilers and water heaters, minimizing future maintenance expenses. The property is zoned LB and benefits from its prime location near major highways and the vibrant downtown Torrington area, offering residents convenient access to shopping, dining, and entertainment. Nearby attractions such as the Warner Theatre, museums, Coe Memorial Park, and Burr Pond State Park enhance the property's appeal to tenants. The current 7.3% cap rate offers a strong return on investment, with potential for growth to a 9.2% cap rate through conservative rental increases, reflecting the strong and projected growth (4.5% by early 2025) of the Torrington rental market. This turnkey property represents a compelling investment opportunity for discerning buyers. The asking price is $575,000.