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Bristol
06010
06010
W73° 4' 9.8''
N41° 40' 49.1''
Contact Info
Shy Grahame
3057419
Property Description

Investor opportunity in Bristol, CT. This 14-unit cash-flowing portfolio offers a strong rental market presence and consists of a 5-unit property, two 3-unit properties, and a 3-unit property with a garage plus an additional unit currently used for owner storage. Included in the portfolio are 116 Divinity St (MLS #24105062), 52 Colony St (MLS #24105135), 53 Norton St (MLS #24105152), and 6 Houghton St (MLS #24105181). The 11-unit package consisting of 52 Colony St, 53 Norton St, and 6 Houghton St is priced at 1.6M and MUST SOLD TOGETHER. 116 Divinity St is available separately at a discounted price if purchased with the portfolio. The properties generate actual income of 204,000 annually, with pro forma rents projected at 261,000. This equates to a 7 percent actual CAP and a 9.8 percent pro forma CAP. All buildings are in good condition with gas and electric heating, ample off-street parking, and minimal renovation needs. Significant upside potential through rent increases, as current rents are below market value. Financials, including rent roll, P&L, and leases, are available upon request with proof of funds or pre-approval. This is an ideal opportunity for a 1031 exchange or investors seeking a low-maintenance, high-yield portfolio.

14 Units

Bristol, Connecticut 06010, United States

  • Bathrooms : 14
$1,900,000
Listing ID#163629
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Basic Details
Property Type : Commercial
Listing Type : Active
Listing ID : 163629
Ref ID : 409148541
Price : $1,900,000
Bathrooms : 14
MLS : 24107578
Office ID : CT301-011
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Shy Grahame
New England Properties
New England Properties
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