46 East St, Bristol, RI 02809

Description

A rare investment opportunity in the heart of beautiful Bristol. This three family property is being offered together with the adjacent buildable lot, creating an exceptional value add opportunity for investors, contractors, and developers alike.
The existing multifamily features two one bedroom units on the first floor and a spacious second floor unit, all with separate electric and water meters. The first floor units are heated by gas on gas stoves, with one unit also featuring a mini split system for added comfort. The second floor unit has oil baseboard heat. An 8 year old roof provides a solid starting point, while the remainder of the property is ready for renovation, allowing the next owner to maximize its income potential. Adding to the appeal, the sale includes the 6,720 square foot adjacent parcel which the Town of Bristol has confirmed is buildable for a single family home. Opportunities like this, offering an income producing property together with a buildable lot in such a desirable location are rare. Ideally located within walking distance to Bristol's vibrant downtown, waterfront, restaurants, shops, parks, and bike path, this property offers tremendous upside through renovation and long term investment. Whether you're looking to expand your rental portfolio, create an owner occupied investment, or build a new home on the adjacent lot, the possibilities are substantial. Don't miss this exceptional investment opportunity. Sold As-Is