14 Units,Bristol, CT 06010
Bristol, CT 06010
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.
Details
| MLS # | 24107578 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1940 |
| Days On Site | 11 |
| Listing Provided By | Berkshire Hathaway NE Prop. | Shy Grahame |
Features
| Bath(s) | 14 Total |
|---|---|
| SQ Feet | 9,629 |
| Zoning | R-15/RM |
Taxes
| Property | 25752 |
|---|
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Learn More About This Property
| State | CT |
|---|---|
| County | Hartford |
| City | Bristol |
| Zip Code | 06010 |
| Area | Hartford |
 | $1,700,00034 Fox Run RoadRedding, CT 06896 |