CT > Torrington
Torrington, CT 06790,536 Prospect Street
Torrington, CT 06790,536 Prospect Street
Torrington, CT 06790,536 Prospect Street
Torrington, CT 06790,536 Prospect Street
Torrington, CT 06790,536 Prospect Street
Torrington, CT 06790,536 Prospect Street
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Ilka Torres

Ilka Torres

+1(860) 985-3788
$ 450,000
Est. payment | /mo

10 Beds

3 Baths

4,050 SqFt

Save
$ 450,000
Est. payment | /mo
Save

10 Beds

3 Baths

4,050 SqFt

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

Listed by Christian Chaparro • Compass Connecticut, LLC

GET MORE INFORMATION

agent
Ilka Torres

Broker | License ID: REB.0794005

+1(860) 985-3788

1939 Broad St, Hartford, CT, 06114, USA

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536 Prospect Street