220 Main St - Apartments FOR SALE


Terryville, CT 06786
$525,000 USD
860-656-0205
220 Main St, Terryville, CT for Sale
$525,000 USD
Apartments - FOR SALE
1/8
null | 8.54% Cap Rate

220 Main St
Terryville, CT 06786


HIGHLIGHTS

  • Dynamic Suburban Location
  • Recent Renovations
  • Transportation
  • Value-Add Potential
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 220 Main Street in Terryville, Connecticut (the “Property”). The three-story building contains three (3) 1-Bedroom/1-Bathroom units, three (3) Studio units, and one (1) 2-Bedroom/1-Bathroom with 3,816 square feet of gross living area and 5,120 square feet of gross area. The Property is situated upon a 0.05- acre parcel directly off of Main Street. 220 Main Street is well-situated in Terryville, a neighborhood within Plymouth, Connecticut, offering residents convenient access to local amenities and community services. The Property is located in a primarily residential area known for its close-knit community atmosphere and steady housing demand, supported by a mix of owner-occupied and rental properties. Commuters benefit from nearby major roadways, facilitating easy travel within the Naugatuck Valley region and connections to larger urban centers. Educational institutions, including public schools and proximity to colleges like UCONN Waterbury Campus, enhance the location's appeal for families and professionals. Additionally, local shops, dining, and services within Terryville further contribute to the neighborhood's livability and attractiveness for tenants.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

7

PRICE/UNIT

$75,000

CAP RATE

8.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

220 Main St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C

APN/PARCEL ID

PLYM-000040-000053-000028

ASK ABOUT THIS PROPERTY

Tim HinesHorvath & TremblayMore Info
860-656-0205

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Tim HinesHorvath & TremblayMore Info
860-656-0205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.