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52 Colony St
Bristol, CT 06010
14 Units Portfolio, Bristol, CT · Multifamily Property For Sale
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price / SF | $281.69 / SF | Number of Properties | 2 |
| Cap Rate | 8.31% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 5,680 SF |
| Status | Active | Total Land Area | 0.10 AC |
| Price / SF | $281.69 / SF |
| Cap Rate | 8.31% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,680 SF |
| Total Land Area | 0.10 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 116 Divinity St, Bristol, CT 06010 | Multifamily | 4,780 SF | 1940 | - |
|
12 Units 52 Colony St. Bristol CT
52 Colony St, Bristol, CT 06010 |
Multifamily | 900 SF | 1920 | - |
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