215 Park St Bristol, CT 06010
Fully rented multifamily property with value-add potential in Bristol.
Lot size:
0.21 AcresProperty Features for 215 Park St
General Information
- Lot size
- 0.21 Acres
Building Details
- Year built
- 1905
Source:
Elliman
Listing Agent: Shy Grahame
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Bristol Multifamily Investment Opportunity
This multifamily property presents a value-add opportunity with a 9.9% actual cap rate and a potential pro forma cap rate exceeding 16%. The property features one two-bedroom unit with a bonus room on the lower level, and one top-floor one-bedroom unit with two additional rooms on the upper level. Three units are occupied by month-to-month tenants without leases, while the second-floor lease is active until August 30, 2026. The property is being sold in as-is condition. There is slight settling, which is reflected in the price. The property shares a driveway with two other multi-family properties; an area beneath the driveway slab has sunk and this would need to be repaired by the next buyer in full or split between the adjoining owners of 213 and 211 park. The tenants park on the street given the restriction.
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Bristol
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.9578912
- Latitude
- 41.6720895
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Fully rented multifamily property with value-add potential in Bristol.
Where is this multifamily property located?
The property is located at 215 Park St Bristol, CT.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: - 9.9% Actual Cap Rate; - Potential for 16%+ Pro Forma Cap Rate; - One 2-Bedroom Unit with Bonus Room