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$2,700,000
20 Beds
20 Baths20 full baths
11,531sqft
7 And 451 Upson And Divinity St, Bristol, CT 06010
$2,700,000
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Multi Family
Built in 1900
$-- HOA
34,848 sqft lot
$234/sq.ft
Description
Prime opportunity to acquire a well-located, stabilized 20-unit multifamily portfolio in Bristol, Connecticut. This offering provides immediate in-place cash flow with strong upside through light value-add improvements. Totaling 20 units across two properties and three physical buildings, the portfolio includes 5-7 Upson Street-a 10-unit complex made up of two side-by-side buildings on a single parcel-and 451 Divinity Street, a 10-unit brick apartment building. The properties are offered at a 7.0% cap rate, with a pro forma cap rate of 8.4%, supported by achievable rent increases and improved operational efficiency. Current average rents of $1,170 are below market, with a...
Continue Reading- Houzeo last checked: 11 Minutes ago
- Listing updated: June 12, 2025 at 8:11 pm
- Listing Provided by: Sandy Strickling | Sky Realty Group
- Source: SMART MLS-CT | MLS#: 24103386
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1900
HOA Fees
-
Finished Area
11,531 sqft
Lot Size
34,848 sqft lot
Basement Area
- sqft
MLS Name
SMART MLS
MLS Number
24103386
MLS Status
Active
Days on Market
176
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