Price Reduction
Address
227 Main Street Torrington, CT
Price
$ 399,900
Property Attributes
  • MLS#170430902
  • TypeCommercial
  • CountyLITCHFIELD
  • CityTorrington
  • Zip06790
  • StyleCommercial For Sale
  • Year Built1920
  • Taxes$ 8168
  • Price$ 399,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5000
  • Lot Size10,454 SqFt
Listing Provided Courtesy Of:
Lou Raven with eXp Realty
Data Source:
Smart MLS - 162 - CT
Property Description

Calling all investors – this property is a cash cow! Welcome to 227 Main Street, a mixed-use property that has been monetized in every possible way! The gross income is $72,600, and the net operating income is $41,330 per year. The first floor is a freshly updated medical office which is currently rented to 3 clinicians. Enjoy the ease of managing long term, professional tenants. The second floor of the property has 2 residential units that are currently rented. Apt A is approx. 1,100 sf 3-bedroom apartment, Apt C is a 1-bedroom apartment. Below market rents in the apartments provide additional income potential for the new landlord. It doesn’t stop there! The 3rd floor walk-up attic has lofty vaulted ceilings. The space is a great storage location, and it may be convertible into additional apartments (subject to buyer due diligence). It doesn’t stop there! The brick 3 car garage is rented for $350 per month. If you are looking for a great way to earn extra income from a great investment book your private tour today!

Price History
9/8/2021 Listed $449,900
11/4/2021 6% - $424,900
11/29/2021 6% - $399,900

General Features

Acres 0.2400
Commercial Catagory Office, Residential Income
Handicap Features 32 Minimum Door Widths, 60 Turning Radius, Ramps
Location Downtown, Historic Area
Neighborhood N/A
Present Use Medical Offices & Residential
Property Type Commercial For Sale
Status Active
Tax Year July 2021-June 2022
Utilities Available Electric, Gas, Telephone, Cable
Virtual Tour https://my.matterport.com/show/?m=vMU16qBWmhz&brand=0
Virtual Tour Yn Yes
Year Built 1920
Zoning DD

Interior Features

Cooling System Zoned
Heat Fuel Type Electric, Natural Gas, Oil
Heat Type Baseboard, Gas on Gas, Hot Water, Zoned
Interior Features Security System
Sq Ft Source Public Records
Sq Ft Total 5000
Total Numof Units 1
Unit Count 6

Exterior Features

Foundation Concrete
Garage Parking Info Detached Garage
Lot Description Dry, Level Lot
Parking Spaces Covered 3
Parking Total Spaces 3
Road Frontage Description State Road, Paved Road
Roof Information Asphalt Shingle
Sewage System Public Sewer Connected
Water Source Public Water Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 06790

Price
AVG $330K
$400K
Taxes
AVG $10,717
$8,168
Visits
AVG 83
16
Year Built
AVG 1945
1920
Walkscore
AVG 63
85
Data Provided by Walkscore ® not using MLS data

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