6 Houghton Street, Bristol CT 06010 (Off Market)

For Sale, USD 615,000


6 Houghton Street, Bristol CT 06010,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 1,652 ft² / 153 m²

Land Size : N/A

Bedroom : 8

Bathroom : 5

Half Bathroom : 0

MLS#: N/A


Property Description

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. The property consists of a three-unit (8 Houghton) main building and a separate two-unit, single family style (6 Houghton) structure located at the rear of the lot. This property is centrally adjacent to one another for ease of management. 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 Pre-Approval. Don't miss out on this rare opportunity in one of Bristol's strongest rental corridors.
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6 Houghton Street, Bristol CT 06010, United States,Connecticut,Bristol is a 1,652ft² Bristol luxury Multi-Family Home listed for sale USD 615,000. This high end Bristol Multi-Family Home is comprised of 8 bedrooms and 5 baths. Find more luxury properties in Bristol or search for luxury properties for sale in Bristol.