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    775 Main St Torrington, CT 06790

    Sponsored
    For Sale
    $1,195,000

    Brand new, 6-unit apartment complex, ready March 2025.

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a brand-new, six-unit apartment building in Torrington, Connecticut, poised for immediate occupancy. Completed by March 1, 2025, this two-story building boasts 5,000 square feet and features six two-bedroom apartments. Each unit includes an electric range/oven, refrigerator, and microwave. Energy-efficient mini-split systems provide heating and air conditioning. All first-floor units are handicap accessible, enhancing their appeal and marketability. A convenient on-site coin-operated laundry facility adds value for tenants. The property benefits from city water and sewer connections, simplifying utility management. Ample parking is provided with a paved 12-car lot. Meeting all town site plan approvals and state fire codes, the building is equipped with a comprehensive sprinkler system, ensuring safety and peace of mind. Located in a desirable North End neighborhood, the property enjoys close proximity to a variety of amenities, including grocery stores, pharmacies, banks, retail shops, a movie theater, fitness center, and restaurants. The builder offers a one-year warranty from the closing date, providing additional assurance. Projected monthly rental income per unit ranges from $1,500 to $1,700, promising a strong return on investment. This high-quality, modern rental asset represents a compelling opportunity for investors seeking immediate cash flow and long-term appreciation. The property is zoned R6.

    Property Features for 775 Main St

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,000 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    2
    Units
    6

    HighLights

    • Brand new, six‑unit apartment building in Torrington, CT, completed March 1, 2025.
    • Six two‑bedroom units, each with electric range/oven, refrigerator, and microwave; energy‑efficient mini‑split HVAC systems.
    • First‑floor units are handicap accessible.
    • On‑site coin‑operated laundry.
    • 12‑car paved parking lot; city water and sewer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.121742283175
    Latitude
    41.816186658532

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    FAQs

    What type of property is this?
    Multifamily property - Brand new, 6-unit apartment complex, ready March 2025.
    Where is this multifamily property located?
    The property is located at 775 Main St Torrington, CT.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: Brand new, six-unit apartment building in Torrington, CT, completed March 1, 2025.; Six two-bedroom units, each with electric range/oven, refrigerator, and microwave; energy-efficient mini-split HVAC systems.; First-floor units are handicap accessible.
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    775 Main St Torrington, CT 06790
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    775 Main St Torrington, CT 06790
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