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.
|
DAYS ON MARKET
|
8
|
LAST UPDATED
|
6/20/2025
|
|
YEAR BUILT
|
1956
|
COUNTY
|
Hartford
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
| Elementary School |
Per Board of Ed |
| High School |
Per Board of Ed |
| AIR |
Window Unit(s) |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Brick |
| HEAT |
Hot Water, Natural Gas |
| LOT |
4356 sq ft |
| LOT DESCRIPTION |
Level |
| PARKING |
None |
| SEWER |
Public Sewer |
| STYLE |
Units are Side-by-Side |
| TAXES |
5596 |
| WATER |
Public |
| ZONING |
R-15/R |
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Listing courtesy of Berkshire Hathaway NE Prop.
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