CT > Bristol
Bristol, CT 06010,6 Houghton Street
Bristol, CT 06010,6 Houghton Street
Bristol, CT 06010,6 Houghton Street
Bristol, CT 06010,6 Houghton Street
Bristol, CT 06010,6 Houghton Street
Bristol, CT 06010,6 Houghton Street
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Andrei Balaj & Camilo Ramirez

Andrei Balaj & Camilo Ramirez

+1(203) 550-3606
$ 615,000
Est. payment | /mo

8 Beds

5 Baths

1,652 SqFt

Save
$ 615,000
Est. payment | /mo
Save

8 Beds

5 Baths

1,652 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 1,652 sqft

Price per Sqft $372

MLS Listing ID 24105181

Style Units on different Floors

Bedrooms 8

Full Baths 5

Year Built 1940

Annual Tax Amount $6,194

Lot Size 4,356 Sqft

Property Sub-Type 5 Family+

Property Description

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. The property consists of a three-unit (8 Houghton) main building and a separate two-unit, single family style (6 Houghton) structure located at the rear of the lot. This property is 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 Pre-Approval. Don't miss out on this rare opportunity in one of Bristol's strongest rental corridors.

Location

State CT

County Hartford

Zoning R-15/R

Rooms

Basement Full, Unfinished

Interior

Heating Baseboard

Cooling Window Unit

Exterior

Parking Features None

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Foundation Concrete, Masonry

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Shy Grahame • Berkshire Hathaway NE Prop.

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agent
Andrei Balaj & Camilo Ramirez

Real Estate Agent | Lic# Licensed in Connecticut

+1(203) 550-3606

1055 Washington Blvd, 6th Floor, Stamford, CT, 06901

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6 Houghton Street