About This Property

Six-unit multifamily investment opportunity offering existing rental income with additional upside. Located at 83 Brook Street in Torrington, this property features five 1-bedroom units and one 2-bedroom unit, with four currently occupied and two vacant. The occupied units generate $4,245 in scheduled monthly rental income, while the vacancies provide an opportunity for turnover, improvements, and leasing at current market rents. The property features vinyl siding, electric heat, separate electric meters, two levels of covered front porches, and plenty of off-street parking. With a practical unit mix and separately metered utilities, the building offers investors an opportunity to manage operating expenses while working toward increased occupancy and stronger rental performance. Current rents include Unit 3 at $825, Unit 4 at $1,000, Unit 5 at $1,250, and Unit 6 at $1,170 per month. Units 1 and 2 are vacant. A solid opportunity for investors looking to expand their multifamily portfolio and add value through property improvements and rental adjustments. Property is being sold strictly as-is, with all existing contents to remain. Buyer responsible for cleanout, repairs, and any necessary improvements.

Property Details