405-413 S. Main Street
Torrington Connecticut

Description:

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.

Listing Courtesy of Regions Real Estate Advisors