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Prospect Street
Torrington, Connecticut
$450,000 Price
10 Bedrooms  
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Photo 1 of Prospect Street, Torrington, Connecticut, $450,000, Web #: 24075388Previous PhotoNext Photo1 of 19

This oversized *5,055 sq. ft.* two-family home presents an excellent opportunity for investors or owner-occupants looking to maximize rental income. With updated vinyl windows, and a newer roof / siding (both replaced roughly 18 months ago), much of the major work has already been completed. Electrical and plumbing systems...

This oversized *5,055 sq. ft.* two-family home presents an excellent opportunity for investors or owner-occupants looking to maximize rental income. With updated vinyl windows, and a newer roof / siding (both replaced roughly 18 months ago), much of the major work has already been completed. Electrical and plumbing systems were updated in the early 2000s, and each unit features in-unit laundry for tenant convenience. The first-floor unit features three bedrooms and one bath and has the potential to be converted into a commercial space with a town-approved variance, adding even more value. The second-floor unit spans two levels, combining the second and third floors for a spacious seven-bedroom layout. With some additional investment, the third floor could be converted into its own legal unit, transforming this property into a three-family home. Outside, a private driveway leads to a three-car detached garage with extra parking in the rear. The property has long-term tenants, and while the rent hasn't been raised in over five years, the seller is willing to assist in negotiating market-price adjustments or tenant transitions. Some cosmetic updates to the units and common areas will be needed, making this a great value-add investment. Whether you're looking for immediate rental income or long-term growth, this property presents an exceptional opportunity to expand your portfolio.

Listing courtesy of Compass Connecticut Llc

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Torrington, Connecticut
Type: House
Price: $450,000
Re Tax: $5,407
Approx. sqft: 4,050 sf
Web ID: 24075388

Info & Amenities

Type: Multi Family
Rooms: 19.0
Bedrooms: 10
Bathrooms: 3.0
Built: 1900

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