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220 Main St 7 Unit Apartment Building $675,000 ($96,429/Unit) 8.04% Cap Rate Terryville, CT 06786
Investment Highlights
- Access & Connectivity
- Desirable Brick Construction
- Quality of Life Amenities
- Area Amenities & Demand Drivers
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 220 Main Street in Terryville, CT (the “Property”). The three-story building contains one (1) 2-Bedroom/1-Bathroom unit, three (3) 1-Bedroom/1-Bathroom units, and three (3) Studio units with 3,816 square feet of gross living area in 5,120 square feet of gross area. The Property is situated upon a 0.05-acre parcel and has on-street parking.
220 Main Street is well-positioned in the heart of Terryville, offering convenient access to the village's Main Street commercial corridor, nearby neighborhood retail, and the surrounding residential communities that support consistent housing demand. The property benefits from excellent connectivity via Main Street (Route 6) and close proximity to Route 72, providing direct access to Bristol, Waterbury, Interstate 84, and other major employment and commercial centers throughout Central Connecticut.
220 Main Street is well-positioned in the heart of Terryville, offering convenient access to the village's Main Street commercial corridor, nearby neighborhood retail, and the surrounding residential communities that support consistent housing demand. The property benefits from excellent connectivity via Main Street (Route 6) and close proximity to Route 72, providing direct access to Bristol, Waterbury, Interstate 84, and other major employment and commercial centers throughout Central Connecticut.
Property Facts
| Price | $675,000 | Building Class | C |
| Price Per Unit | $96,429 | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 5,120 SF |
| Cap Rate | 8.04% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C | ||
| Price | $675,000 |
| Price Per Unit | $96,429 |
| Sale Type | Investment |
| Cap Rate | 8.04% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 5,120 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | C |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | PLYM-000040-000053-000028 | Improvements Assessment | $160,090 |
| Land Assessment | $25,480 | Total Assessment | $185,570 |
Property Taxes
Parcel Number
PLYM-000040-000053-000028
Land Assessment
$25,480
Improvements Assessment
$160,090
Total Assessment
$185,570
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220 Main St
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