405-413 S. Main Street
Torrington,
Connecticut
06790
- For Sale
- 2 Bedrooms
- 9800 SqFt
- Year Built 1988
- Multi Family
- ML# 24070899
Property Details
Overview
List price is starting bid at TenX live bid on 3/3 Southgate presents an easily accessible two-story, 10-unit apartment building just outside of one of Torrington's amenity-rich retail corridors. Excellently situated at 413 S Main Street, this multifamily asset is west of the Naugatuck River within a cozy small city in Connecticut positioned 27 miles from Downtown Hartford. The building stands at 9, 606 square feet and features on-site surface parking. This fully occupied property is primed for a new investor seeking to add a lucrative acquisition to their portfolio for passive and consistent income. 6 of the large one bedroom units can be divided to create 2 bedroom units leading to significantly increased rent and upside. Rents are far below allowable rent leading to significant upside although can accommodate market rents. 8 unit building is also zoned as condominium and can be sold off separately in the future. Washer and dryer in every unit.
Key Facts
- •SqFt: 9800.00
- •Style: Units are Side-by-Side
- •Lot Size: 1.00
- •Lot Sq Ft: 9800
- •Zoning: town
- •Construction Materials: No/Resale
- •Building Size: 9800
- •Parking Facilities: None
- •Waterfront Desc: Not Applicable
- •Heat: Baseboard
- •A/C: Window Unit
- •Water: Public Water Connected
- •Sewer: Septic
Listing Information provided courtesy of
Regions Real Estate Advisors
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