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USACTBristolN/a53 Norton Street
53 Norton Street, Home with 5 bedrooms, 3 bathrooms and null parking in Bristol CT | Image 1
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$495,000

53 Norton Street, Bristol, CT

Real Estate

For Sale

$--,---,---
530
  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size  sqft
Garage No
Taxes $8,091
Days Active 5
Lot Size 
Approx. Age 1910
MLS® Number 24105152

Property Address: 

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

Description

VALUE ADD!!! Investment opportunity in Bristol, CT - 14-unit cash-flowing portfolio consisting of (3) 3-family properties and (1) 2-family home. 53 Norton is centrally adjacent to one another for ease of management and includes a 440 sq ft garage + 1-Room & 1-Bathroom w/ electric heat that is currently used for storage. 11-unit price is $1.6M and 14-unit price which includes the additional 3 units at 116 Divinity 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 $205, 080/year with pro forma rents projected at $258, 000/year, offering a 7.0 percent actual CAP and 9.6 percent pro forma CAP. 14 Unit mix includes (1) 3-BR, (9) 2-BR, and (4) 1-BR apartments. 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® Number24105152
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1
Exterior
GarageNo
Approx. Age1910
BasementFull
DrivewayNone
Garage Spaces
HeatElectric, Baseboard
A/CWindow Unit
Heating Fuel

Extras

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