For Sale, USD 1,900,000
14 Units, Bristol CT 06010, Bristol, Connecticut, United States
Property Type : Commercial
Property Style : N/A
Build Size : 9,629 ft² / 895 m²
Land Size : N/A
Bedroom : 0
Bathroom : 14
Half Bathroom : 0
MLS#: N/A
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.
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14 Units, Bristol CT 06010, United States,Connecticut,Bristol is a 9,629ft² Bristol luxury Commercial listed for sale USD 1,900,000. This high end Bristol Commercial is comprised of 0 bedrooms and 14 baths. Find more luxury properties in Bristol or search for luxury properties for sale in Bristol.