CT > Bristol
Bristol, CT 06010,52 Colony Street
Bristol, CT 06010,52 Colony Street
Bristol, CT 06010,52 Colony Street
Bristol, CT 06010,52 Colony Street
Bristol, CT 06010,52 Colony Street
Bristol, CT 06010,52 Colony Street
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Santiago Jaraba

Santiago Jaraba

+1(203) 278-3121
$ 490,000
Est. payment | /mo

9 Beds

3 Baths

1,765 SqFt

Save
$ 490,000
Est. payment | /mo
Save

9 Beds

3 Baths

1,765 SqFt

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,765 sqft

Price per Sqft $277

MLS Listing ID 24105135

Style Units are Side-by-Side

Bedrooms 9

Full Baths 3

Year Built 1956

Annual Tax Amount $5,930

Lot Size 4,356 Sqft

Property Sub-Type 3 Family

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.

Location

State CT

County Hartford

Zoning R-15/R

Rooms

Basement Full

Interior

Heating Hot Water

Cooling Window Unit

Exterior

Parking Features None

Waterfront Description Not Applicable

Roof Type Asphalt Shingle,Gable

Building

Lot Description Level Lot

Foundation Concrete, Masonry

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Shy Grahame • Berkshire Hathaway NE Prop.
Santiago Jaraba

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(203) 278-3121

s.jaraba@whitestoneregroup.com

2836 Fairfield Ave, Bridgeport, CT, 06605-3210, USA

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52 Colony Street