444 Prospect Street, Torrington, CT, 06790 | $475,000

2 family well maintained. Discover a beautifully updated, multifaceted mixed-use building on Prospect St, offering the rare combination of a residential condo & professional office with, an easy conversion back to a full residential home if desired. This meticulously maintained property is ideal for an owner-occupant, investor, or business professional looking for flexibility and income potential in one location. The 1st floor currently serves as professional office spaces with a welcoming conference and collaboration area featuring a stylish coffee/wine bar, multiple private offices, a common kitchen, and a half bath. Luxury vinyl tile blends with character-rich distressed hardwoods, creating a warm, modern feel throughout. With three separate entrances, the layout allows for single or multiple tenants - or simple conversion to residential use. The second floor offers a private residential unit with its own rear entrance. Inside you'll find two bedrooms, a spacious living room, an updated galley kitchen with butcher block counters and newer appliances, and a beautifully renovated bath with a luxury glass and tile shower. This space works perfectly for owner occupancy or rental income and will be vacant soon. Additional highlights include a new roof and high-efficiency natural gas on-demand heating and hot water system (2022), professionally landscaped grounds, three storage sheds, and ample parking for 15+ vehicles, making it easy for clients, tenants, or guests. Whether you envision a live-work setup, an investment property, professional offices with income, or a return to full residential use, this property offers exceptional versatility in a prime Torrington location. Move-in ready and full of opportunity - bring your vision to life.

Features

  • Rooms: 12
  • Bedrooms: 5
  • Baths: 1 full / 1 half
  • Units: 2
  • Style: Units on different Floors
  • Year Built: 1880
  • Heating: Hot Water
  • Cooling: Ductless
  • Basement: Crawl Space,Full
  • Above Grade Approx. Sq. Feet: 2,440
  • Acreage: 0.33
  • Est. Taxes: $60,218
  • Lot Desc: Level Lot,Sloping Lot
  • Elem. School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Per Board of Ed
  • MLS#: 24153779
  • Website: https://www.raveis.com
    /prop/24153779/444prospectstreet_torrington_ct?source=qrflyer
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Listing courtesy of Turning Point Realty, LLC   Phone: (860) 909-1162

William Raveis Family of Services

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

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Our Insurance Division:

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444 Prospect Street, Torrington, CT, 06790

$475,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $380,000 $380,000 $380,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.395% 6.545% 5.900%
Monthly Tax Payment $5,018 $5,018 $5,018
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,278 $2,371 $3,130
Total Monthly Payment $7,371 $7,464 $8,223

* 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.