New Listing - 01/26/2025

$550,000 ($56.12 per sqft)

Est. Mortgage $2,745/mo *

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405-413 S. Main Street, Torrington, CT, 06790

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5 rooms

2 beds

1988

Units are Side-by-Side

9,800 sqft

List price is starting bid at TenX auction 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.

Status:

Active

Type:

Multi-family

Laundry Remarks:

All Units Have Hook-Ups

Units:

Zoning:

town

Heating:

Baseboard

Cooling:

Window Unit

Basement:

Full

Acreage:

Est. Taxes:

$12,111

Assessment

$811,111

Lot Description:

Level Lot

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

MLS #:

24070899

Community Info

School Info

Walk Score

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405-413 S. Main Street, Torrington, CT, 06790

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405-413 S. Main Street, Torrington, CT, 06790

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