Affordable 1.1-Acre Home with Renovation Potential – Ideal for Owner-Occupants in Torrington
Here’s your chance to own a property with 1.1 acres of space and incredible renovation potential, priced for affordability through Torrington Affordable Homes (TAH). Perfect for buyers ready to roll up their sleeves, this property offers a rare opportunity to create your dream home while taking advantage of an owner-occupant program designed to make homeownership achievable.
Key Features of This Property
Owner-Occupant Requirement
To qualify, buyers must plan to live in the home as their primary residence and meet the income and credit guidelines set by Torrington Affordable Homes (TAH). This ensures the property remains accessible and affordable for those who need it most. Even cash buyers must adhere to these eligibility requirements.
Investor Purchases Prohibited
To maintain long-term affordability, this home is not available to investors. It’s specifically designed for owner-occupants who want a personal residence with renovation potential.
Renovation Opportunity
The home requires major renovations and is being sold “as-is”, providing a blank canvas for the right buyer. With vision and effort, you can transform this property into a comfortable, modern home that fits your lifestyle.
Financing Options
This property can be purchased with cash or through a renovation loan, such as a rehab loan, giving buyers flexibility in funding the improvements. Cash buyers must secure a construction loan approved by TAH to ensure renovations are completed according to program guidelines.
Utilities & Infrastructure
The property currently has a septic system, and city sewer hookup is available on the street. This gives buyers flexibility in planning upgrades and future improvements.
No Seller Repairs
The seller will not make any repairs. This is an ideal opportunity for those comfortable with tackling a fixer-upper project.
Why This Property is a Great Investment
This 1.1-acre lot provides ample outdoor space for recreation, gardening, or future expansions. With the right renovations, this property could become a forever home or a long-term investment with significant value appreciation. It’s perfect for first-time homebuyers, renovators, or anyone looking to create a personalized living space at an affordable price.
Location and Community Benefits
The property is conveniently located near local amenities, including grocery stores, schools, and public services. The surrounding neighborhood is peaceful and well-established, making it ideal for families, retirees, or anyone seeking a quiet suburban lifestyle with plenty of space. The generous lot allows for outdoor projects, gardens, or even future expansions, giving you freedom to design your perfect home environment.
Torrington Affordable Homes (TAH) ensures that this opportunity remains practical and affordable, helping qualifying buyers achieve homeownership who might otherwise struggle with costs. By participating, you gain access to a program that supports affordable, sustainable homeownership in a supportive community.
A Chance to Turn Vision Into Reality
This property is more than just a home—it’s a canvas for your ideas and improvements. Whether you’re a seasoned renovator or a first-time buyer ready to invest in your future, this 1.1-acre property provides space, privacy, and potential. With careful planning and upgrades, it could become your dream home or a valuable investment.
Schedule Your Showing Today
Don’t miss this rare opportunity to own a property with exceptional potential at an affordable price. For more details about eligibility, renovation requirements, and to schedule a showing, contact the listing agent through the Zillow link below the photos. Homes with this combination of space, opportunity, and affordability are highly sought after and won’t last long!
From Zillow
