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    444 West St Bristol, CT 06010

    Sponsored
    For Sale
    $825,000

    Value-add multifamily investment opportunity.

    Property size:
    6,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 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

    HighLights

    • Value‑add opportunity with significant upside potential.
    • Diverse unit mix in a 7‑unit building.
    • Expansion potential in three units at 444 West St.
    • Monetize two existing garage spaces.
    • Excellent location in Bristol, CT, near major highways and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    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.
    Request Owner's contact information
    444 West St Bristol, CT 06010
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    Bristol, CT 06010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    444 West St Bristol, CT 06010
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