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USACTBristolN/a52 Colony St
Front of 52 Colony | Image 1
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$490,000

52 Colony St, Bristol, CT

Real Estate

For Sale

$--,---,---
930
  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 1765 sqft
Garage No
Taxes $5,596
Days Active 5
Lot Size 
Approx. Age 1956
Avg. Price Per Sqft $277
MLS® Number 24105135

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number24105135
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1
Exterior
GarageNo
Approx. Age1956
BasementFull
DrivewayNone
Garage Spaces
HeatNatural Gas, Hot Water
A/CWindow Unit
Heating Fuel

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