1. Connecticut
  2. Bristol
  3. 52 Colony Street
$490,000

52 Colony Street, Bristol, CT 06010

  • 9 beds |
  • 3 baths |
  • 1,765 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1956
  • Property Lot Size Icon4,356sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $278/sqft
  • Property List Date Icon Listed 1 month ago

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. 52 Colony is a TOWNHOUSE / SIDE BY SIDE MULTI and 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 or Pre-Approval. Don't miss out on this rare opportunity in one of Bristol's strongest rental corridors.

Listing Status:
Active
Date Added:
June 20, 2025 at 04:57PM
Listing Office:
Berkshire Hathaway NE Prop. : (860) 633-3674
Listing Agent:
Shy Grahame : (860) 617-1740
MLS ID:
24105135
  • Basement: Full
  • A/C: Window Unit
  • Heating: Hot WaterNatural Gas
  • Fireplace: Fireplaces: 0

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

South Side School

21 Tuttle Rd, Bristol, CT, 06010

Grades PK-5

0.62 miles away

W

West Bristol School

500 Clark Ave, Bristol, CT, 06010

Grades KG-8

1.63 miles away

B

Bristol Central High School

480 Wolcott St, Bristol, CT, 06010

Grades 9-12

0.59 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.