59 Hill Street
Torrington, Connecticut

Description:

Exceptional turnkey triplex offering strong in-place income, major capital improvements, and an ideal setup for either an investor or owner-occupant. This property features two fully rented 2-bed / 1-bath units generating $1,575/mo and $1,400/mo, plus a vacant 1-bed / 1-bath unit perfect for an owner-occupant or capable of producing $1,250/mo in additional rent. Over $130,000 in recent CAPEX has been deployed and invested, including full unit renovations across all three apartments. Each unit received new flooring, full kitchens, and modernized bathrooms. The 3rd unit was completely gutted to the studs and rebuilt with a brand-new forced hot air heating system, blow-in insulation, new drywall, an in-unit sub-panel, and all new finishes throughout, offering a truly move-in-ready space. With strong rents, major systems and interiors already upgraded, and a desirable unit mix, this property delivers immediate cash flow and long-term stability. A rare opportunity to acquire a fully improved multifamily asset with minimal future maintenance needs. One of the parties to the LLC has an active real estate license.

Listing Courtesy of Salzillo Realty Company