444 West St Bristol, CT 06010
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Value-add multifamily investment opportunity.
Property size:
6,940 SFProperty Features for 444 West St
General Information
- Property type
- Multifamily properties
- Square Feet
- 6,940 SF
- Class
- C
- Lot Size
- 13,068 SF
Building Details
- Year Built/Renovated
- 1900/1913
- Buildings
- 1
- Stories
- 2
- Units
- 7
Listing Agency: NorthEast Private Client Group Shelton Listing Agent: Rich Edwards
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional value-add opportunity presents a 7-unit apartment building situated at 444-454 West Street in Bristol, Connecticut, 06010. The property, built in 1900 and renovated in 1913, encompasses 6,940 square feet on a 0.3-acre lot. The two-story building features a diverse unit mix and offers significant potential for increased profitability. The asking price is $825,000, representing a price per unit of $117,857. The current cap rate stands at 7.87%, with a pro-forma cap rate projected at 9.66% and a pro-forma NOI of $79,721. The property includes six parking spaces and the potential to monetize two garage spaces. Three units offer expansion possibilities, adding further value to this investment. Located in Hartford County, Bristol provides a blend of urban and rural amenities, including proximity to ESPN studios and Lake Compounce. Its convenient location, 18 miles southwest of downtown Hartford, and access to US Highway 6 and Interstate 84, make it an attractive location for renters. This Class C multifamily property presents a compelling investment opportunity with strong potential for future growth.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Bristol
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.9502873
- Latitude
- 41.679403
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FAQs
What type of property is this?
Multifamily property - Value-add multifamily investment opportunity.
Where is this multifamily property located?
The property is located at 444 West St Bristol, CT.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Value-add opportunity with significant upside potential.; Diverse unit mix in a 7-unit building.; Expansion potential in three units at 444 West St.
