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22 High Street

Bristol CT 06010

20
13890 sq. ft.
0.25 ac.
Multi-Family
Currently for sale - view listing

Overview

Tremendous Value Add Opportunity to Reposition this 25 Unit Asset, consisting of 3 Contiguous Buildings in prime Bristol location. Units can be left unfilled so the new owner to implement immediate renovations for a huge increase in rents. Ample off street parking for all tenants. 22 High Street is a well-maintained,18 unit solid, brick building, consisting of 9 (1) Bed and 9 (1.5) Beds. Hardwood Floors throughout with a new rubber membrane roof and energy efficient windows. Exterior brickwork has recently been repointed. Separate and tenant paid electric. Landlord pays for gas heat and cooking gas. Municipal sewer and water. Onsite, coin-op laundry. Rents are below market and could be effortlessly brought to market with minor cosmetic upgrades. 30 High Street is a 4 (1) Bed Multifamily. Landlord pays for gas heat, hot water and electric. 36 High Street consists of 2 (2) Bed and 1 (4) Bed. Landlord pays for oil heat, hot water and electric. Both 30 and 36 High Street would benefit from significant renovations in order to stabilize them and achieve market rents to easily create a substantial income producing property.

Features

20 carspaces
13890 sq. ft. floor area
0.25 ac. lot size
Multi-Family

Happy sellers in Bristol

94%
94% of sellers in Bristol reported that their sale price either exceeded or met their price expectations.

Bristol stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 12 reviews in Bristol over the last 12 months.

Local market activity for multi families in Bristol

In the last 12 months, 5 multi families similar to 22 High Street, have been sold.

This represents a 40% increase in multi families sales when compared to the previous 12 months.

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