Sold

536 Prospect Street, Torrington, CT 06790

Beds
10
Baths
3
Sqft
4,050
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byeXp Realty
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Overview

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.

Location

Full feature list

Basic info

Number of bedrooms
10
Number of bathrooms
3
Square feet
4,050
Lot size (acres)
0.21
Year built
1900

Interior features

Basement
Yes, Unfinished

Garage and parking

Garage parking spaces
3

Utilities

Heating
Oil, Hot water
Cooling
Window unit(s)
Sewer
Septic tank
Water
Public

Taxes

Tax Annual Amount
$5,407

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Smart MLS MLS®#: 24075388 Last checked:

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.