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$550,000
Est. payment /mo
2 Beds
9,800 SqFt
UPDATED:
02/25/2025 12:31 AM
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 9,800 sqft
Price per Sqft $56
MLS Listing ID 24070899
Style Units are Side-by-Side
Bedrooms 2
Year Built 1988
Annual Tax Amount $12,111
Lot Size 1.000 Acres
Property Sub-Type 5 Family+
Property Description
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.
Location
State CT
County Litchfield
Zoning town
Rooms
Basement Full
Interior
Heating Baseboard
Cooling Window Unit
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete
Sewer Septic
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Listed by Michael Guidicelli • Regions Real Estate Advisors