424 West St - Apartments FOR SALE


Bristol, CT 06010- Bristol/Plainville
$825,000 USD
860-656-0205
424 West St, Bristol, CT for Sale
$825,000 USD
Apartments - FOR SALE
1/10
null | 8.06% Cap Rate

424 West St
Bristol, CT 06010
Bristol/Plainville


HIGHLIGHTS

  • Stabilized Units with Rent Growth
  • Renovated Units & Parking
  • Convenient Location

OVERVIEW

Horvath & Tremblay is pleased to present the sale of the multi-family investment property located at424 West Street in Bristol, Connecticut (the “Property”). The Property is improved by a three-story multi-family building and contains eight residential units comprised of three (3), 1-Bedroom/1-Bathroom units and five (5) Studio units with 4,251 square feet of living area in 7,087 square feet of gross area on a 0.24-acre lot. 424 West Street is well-located along West Street in Downtown Bristol, in close proximity to the area’s primary commercial and commuter corridors. The Property is 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. 424 West Street offers an attractive opportunity to acquire a well-located multi-family investment with updated units in a supply-constrained rental market that offers income growth and strong investment returns.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

8

PRICE/UNIT

$103,125

CAP RATE

8.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R-15/B

APN/PARCEL ID

BRIS-000026-000000-000002

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.