74 Locust St Bristol, CT 06010

This exceptional three-family property located at 74 Locust St, Bristol, CT 06010, offers a compelling investment opportunity with a strong 8.32% capitalization rate. Priced at $395,000, the property boasts a current Net Operating Income (NOI) of $32,854, reflecting a 100% occupancy rate. Significant recent improvements exceeding $50,000 have been made, encompassing unit renovations, exterior siding replacement, roof repairs, and utility upgrades. The property comprises one three-bedroom unit and two two-bedroom units, each with separately metered utilities paid by tenants. Convenient off-street parking is available for residents. Currently generating positive cash flow, this property presents a remarkable opportunity for immediate income generation, with potential for further revenue growth by adjusting rents to market rates. Situated in Bristol's desirable West End, this property is ideal for both investors seeking a high-return asset and owner-occupants looking for a multi-family home with rental income potential. The property's strong financial performance, recent upgrades, and prime location make it a highly attractive investment.