For Sale

Listed by Sandy Strickling from Sky Realty Group

Source: SmartMLS Connecticut #170583824

22 High Street, Bristol, CT, 06010

$2,875,000

20
13890 sq. ft.
0.25 ac.

MultiFam

•

30+ days on the market

What's around 22 High Street

About this property

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.

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