Bristol Landing, a multifamily property consisting of 6 residential units in direct proximity the area’s leading employer ESPN Sports Network. Many Recent Upgrades in 2022.
Chozick Realty, Inc. is pleased to present Bristol Landing, a multifamily property consisting of 6 residential units in direct proximity the area’s leading employer ESPN Sports Network.
Bristol Landing has been owned with a sense of pride and has had many recent upgrades done in 2022. These upgrades include a full remodeling of 5 of the 6 units fully with new kitchen cabinets, granite countertops and appliances, new bathrooms and flooring. The boiler was replaced with a high efficiency gas boiler along with new hot water heater. To add to the properties energy efficiency all new vinyl windows were installed and the building was fully insulated. In addition all apartments have new electric subpanels..
A property owned laundry was installed in 2023 for resident convenience and the parking lot was replaced all the way down to a new base.
The unit mix is attractive for this market with 2 one bedroom, 4 two bedroom apartments
With an asking price of $915,000 for this turnkey investment the CAP rate +/-7.13% with an estimated return of 13.49%.
With the property’s condition, location and street presence, Bristol Landing is an ideal investment opportunity with a steady occupancy and growing rents