536 Prospect Street Active Save Request In-Person Tour Request Virtual Tour
Torrington,CT 06790
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,050 sqft
Price per Sqft $111
MLS Listing ID 24075388
Style Units on different Floors
Bedrooms 10
Full Baths 3
Year Built 1900
Annual Tax Amount $5,407
Lot Size 9,147 Sqft
Property Sub-Type 2 Family
Property Description
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
State CT
County Litchfield
Zoning R6
Rooms
Basement Full,Unfinished,Shared Basement,Interior Access,Concrete Floor
Interior
Heating Hot Water
Cooling Window Unit
Exterior
Parking Features Detached Garage,Driveway
Garage Spaces 3.0
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Block,Brick
Sewer Septic
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
Middle Schools Per Board Of Ed
High Schools Per Board Of Ed