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Spacious and solidly constructed It is a 2 family with an extra unit offering nearly 2, 900 square feet of living space just minutes from downtown Torrington, making it a strong opportunity for both investors. Set on over a quarter acre with added privacy, the property provides parking for seven or more vehicles, plus a detached two car garage with loft storage and a large shed behind it for additional space. The home sits on a solid granite foundation and includes a full unfinished basement with concrete floors and well-maintained mechanicals serviced yearly. Recent upgrades include brand new gas boilers installed in 2025 after conversion from oil, along with newer roof and gutters for long term efficiency. The first-floor unit features three bedrooms and two baths, gas heat, gas cooking, a covered front porch and side deck. The second floor offers three bedrooms, two baths and two enclosed porches for added living space. The third-floor unit includes one bedroom, one bath, gas heat and sliders leading to a private deck overlooking the backyard. Renovated wood floors run throughout, and with tenants already in place, this income producing property is priced to move, delivering immediate cash flow and excellent long-term value in a convenient location close to shopping, dining and local amenities. Driveway accommodates multiple vehicles comfortably, ideal for multi-tenant living. This will not last on the market, invest today.
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William Raveis Real Estate
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Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $328,000 | $328,000 | $328,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.292% | 5.648% |
| Monthly Tax Payment | $705 | $705 | $705 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,888 | $1,993 | $2,658 |
| Total Monthly Payment | $2,667 | $2,772 | $3,437 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.