8 Dudley Street

Bristol CT 06010

1815 sq. ft.

0.13 ac.

Duplex

Currently for sale - view listing

Overview

ATTENTION INVESTORS! LOW-MAINTENANCE, FULLY OCCUPIED 3-FAMILY WITH STRONG UPSIDE! Well-maintained Bristol investment property with all rents current and long-standing tenants who take good care of the property. Current rents total $3,150/month ($37,800 annually) and are below market, providing excellent future income potential. First-floor tenant handles snow removal and lawn care in exchange for reduced rent, helping make this an especially easy property to own and manage. Second and third floors each feature 3 bedrooms plus an additional bonus room with a door and window, providing flexible extra living space. Major improvements include an approximately 4-year-old shingle roof and aluminum-capped windows with no exposed exterior wood, helping reduce ongoing exterior maintenance. Seller is also offering 55 Foley Street, another Bristol 3-family, giving investors the opportunity to purchase either property individually or acquire both as a 6-unit package. Excellent opportunity for immediate income with substantial rental upside. One of the parties to the LLC has an active real estate license. Property is a fully occupied 3-family currently generating $3,150/month ($37,800 annually). Current rents are $550, $1,200 and $1,400 per month, with all rents up to date. First-floor rent is intentionally reduced because the tenant handles lawn care and snow removal for the property, reducing the owner's ongoing management responsibilities and exterior maintenance needs. The second- and third-floor apartments are each configured as 3-bedroom units plus an additional bonus room with a door and window, offering tenants valuable additional flexible space. Current rents are below market, creating an opportunity for future income growth. Property has been straightforward to operate, with tenants who cooperate well and take care of the building. Recent/major improvements include an approximately 4-year-old shingle roof. All windows are aluminum capped, leaving no exposed exterior wood around the windows and helping reduce future maintenance. Seller is also offering 55 Foley Street, Bristol, a separate fully occupied 3-family with a detached 3-bay garage and strong rental income. Buyers may purchase 6-8 Dudley individually or explore acquiring both Bristol properties together as a 6-unit package.