7 George St, Torrington, CT 06790

Property Description

ALSO OFFERED AS PORTFOLIO SALE WITH TRIPLEX AT 146 CLARENCE ST, TORRINGTON, CT 06790 (MLS #24220443). Freshly renovated and move-in ready, this centrally located Torrington 2-family offers the flexibility to enjoy a beautifully updated residence while collecting rental income to help offset housing costs, or lease both units at market rent for investment income. The vacant 1st-floor unit features brand new paint and attractive new luxury vinyl plank flooring (updated flooring throughout the entire property). Upstairs, an occupied 1.5 story unit on a long-term lease provides established rental income. The property offers an estimated 10%+ cap rate assuming an approx. $1,750 market rent for the updated 1st floor unit without parking. Two private off-street parking spaces are currently allocated to the upstairs tenants. An expansive, finished basement provides exceptional storage space and potential for additional income through paid storage or other uses, subject to applicable approvals. Situated on a quiet, low-traffic street in downtown Torrington, just a short walk from Donahue Park and Playground, with convenient access to local dining, shopping, transportation, and major employers. Whether you're looking for a primary residence with supplemental income or an investment property with immediate upside, this versatile two-family offers an appealing combination of recent improvements, location, and income potential.