1. Connecticut
  2. Bristol
  3. 14 Units
$1,900,000

14 Units, Bristol, CT 06010

  • 14 baths |
  • 9,629 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $197/sqft
  • Property List Date Icon Listed 27 days ago

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.

Listing Status:
Active
Date Added:
July 2, 2025 at 03:19PM
Listing Office:
Berkshire Hathaway NE Prop. : (860) 633-3674
Listing Agent:
Shy Grahame : (860) 617-1740
MLS ID:
24107578
  • A/C: Window Unit
  • Heating: BaseboardRadiatorElectricGas In StreetOil

This listing courtesy of Shy Grahame, Berkshire Hathaway NE Prop.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Stafford School

212 Louisiana Ave, Bristol, CT, 06010

Grades KG-5

0.90 miles away

G

Greene-Hills School

718 Pine St, Bristol, CT, 06010

Grades PK-8

2.04 miles away

B

Bristol Eastern High School

632 King St, Bristol, CT, 06010

Grades 9-12

0.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.