11 & 8-30 Summer Street Multi-Family FOR SALE


Bristol, CT - Bristol/Plainville
$3,000,000 USD
860-656-0205
, Bristol, CT for Sale
$3,000,000 USD
Multi-Family - FOR SALE
1/8
null | 8.22% Cap Rate

11 & 8-30 Summer Street
Bristol, CT
Bristol/Plainville


HIGHLIGHTS

  • Convenient Location
  • ESPN Campus
  • Value-Add Potential
  • Stabilized Asset with Rent Growth
  • Strong Rental Demographics & Demand

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Summer Street Portfolio, a three property multi-family investment portfolio in Bristol, Connecticut (the “Properties” or “Portfolio”). The Portfolio includes two (2) multi-family properties and a dedicated parking lot and contains twenty-eight (28) residential units comprised of three (3), 3-Bedroom/1-Bathroom units, six (6), 2-Bedroom/1-Bathroom units, seventeen (17), 1-Bedroom/1-Bathroom units, and two (2) Studio units with 20,496 square feet of living area in 28,745 square feet of gross area on a combined 0.78 acres of land. The Summer Street Portfolio is well-located just off Main Street in the Federal Hill neighborhood, adjacent to Downtown Bristol and the area’s primary commercial and commuter corridors. The Properties are within walking distance of numerous retail, dining, and entertainment amenities, and offer convenient access to Route 72, public transportation, local schools, and major employers in Bristol and the surrounding region. Additionally, the location provides easy connectivity to New Britain, Hartford, and Waterbury. The Portfolio represents the rare opportunity to acquire a well-located multi-family investment in a supply-constrained rental market that offers income growth, strong investment returns, and upside in rents at select properties.

ASK ABOUT THIS PROPERTY

Tim HinesHorvath & TremblayMore Info
860-656-0205

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Tim HinesHorvath & TremblayMore Info
860-656-0205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.