The Matthews TeamWilliam Raveis

The Matthews Team

227 Main StreetTorrington, CT 06790MLS Number 170430902

  • Price: $399,900
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Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $399,900List Price
  • 0.24Acreage
  • 5,000Square Feet
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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!

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Listing Courtesy of eXp Realty

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