Properties

Address Map
US
CT
Bristol
06010
06010
W73° 2' 36.8''
N41° 40' 10.9''
Contact Info
Shy Grahame
3057419
Property Description

VALUE ADD!!! Investment opportunity in Bristol, CT 11-unit cash-flowing portfolio consisting of (one) 5-unit (one) 3-unit and (one) 3-unit w/ a garage 1 additional unit being used for owner storage. 53 Norton is centrally adjacent to one another for ease of management and includes a 440 sq ft garage 1-Room & 1-Bathroom w/ electric heat that is currently used for storage. 11-unit price is 1.6M and 14-unit price which includes the additional 3 units at 116 Divinity, Bristol is 1.9M. These properties MUST BE SOLD AS A PACKAGE: 52 Colony St, 53 Norton St, 6 Houghton, and 8 Houghton – 116 Divinity can be purchased at a discounted sale price with the portfolio. Ideal for a 1031 exchange or cash-flow investor looking for a low maintenance investment with minimal renovation needs, in a high-demand rental market. Actual income 204k/year with pro forma rents projected at 261k/year, offering a 7% actual-CAP and 9.8% proforma. Properties are in a good condition with gas and electric heat, plenty of off-street parking, and strong upside with below-market rents. Financials (rent roll, P&L, leases) available upon request with POF or Pre-Approval. Dont miss out on this rare opportunity in one of Bristols strongest rental corridors.

53 Norton Street

Bristol, Connecticut 06010, United States

  • Bedrooms : 5
  • Bathrooms : 3
  • Square Footage: 4,356 Sqft
$495,000
Listing ID#155912
QR Code
Basic Details
Property Type : Residential
Listing Type : Active
Listing ID : 155912
Ref ID : 407719577
Price : $495,000
Bedrooms : 5
Bathrooms : 3
Square Footage : 4,356 Sqft
Lot Area : 0.10 Sqft
MLS : 24105152
Office ID : CT301-011
Currency Converter
Agent info
Shy Grahame
New England Properties
New England Properties
Contact Agent