6 Houghton Street new Save Request In-Person Tour Request Virtual Tour
Bristol,CT 06010
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 $5,846
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