524 Prospect Street

Don't miss this exceptional opportunity to acquire a fully occupied three-family Colonial in Torrington. This income-producing property has been meticulously maintained and offers investors immediate cash flow with stable tenancy already in place. The property features three well-appointed residential units, each offering 2 bedrooms and 1 full bathroom, providing a highly desirable layout for tenants, as well as off-street parking. Current gross rental income totals $4,150 per month, delivering consistent revenue from day one. Pride of ownership is evident throughout this well-cared-for property, making it an ideal addition to an investment portfolio or a great option for an owner-investor seeking a low-maintenance asset. With strong rental demand for multi-family housing and a proven income history, this property presents an excellent opportunity to generate reliable returns. Conveniently located near shopping, dining, banks, schools, parks, and major commuter routes, 524 Prospect Street offers both tenant appeal and long-term investment potential. Tenants are responsible for all utilities, including electricity, gas, and oil, helping to minimize owner expenses. The property features separate heating systems for each unit: the first-floor apartment is heated by a gas furnace and cooled with window air conditioning units; the second-floor apartment is served by an oil furnace and window air conditioning units; and the third-floor apartment offers the added comfort of central air conditioning and gas heat. A shared laundry area is located in the basement, while the second-floor unit also includes in-unit washer and dryer hookups for added tenant convenience. The property offers ample off-street parking with a concrete driveway and parking area accommodating up to six vehicles, a valuable amenity for both tenants and investors.