7 Upson St, Bristol, CT 06010

Description

5-7 Upson St is a 10-unit multifamily offering an attractive opportunity to acquire scale at a strong basis in Bristol, CT. With a current NOI of $98,059 and an actual cap rate of 7.8%, the property offers upside potential to a 9.3% cap on a proforma basis. Strategically located just 20 miles southwest of Hartford and within two hours of New York City and Boston, Bristol combines affordability with access to regional employment hubs, attracting a steady renter base. The city's economy is anchored by ESPN and supported by healthcare, advanced manufacturing, and financial services, while ongoing Downtown Bristol and Centre Square redevelopment initiatives enhance the live-w...