CT > Bristol
Bristol, CT 06010,53 Norton Street
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Bristol, CT 06010,53 Norton Street
Bristol, CT 06010,53 Norton Street
Bristol, CT 06010,53 Norton Street
Bristol, CT 06010,53 Norton Street

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Additional details
Tricia Farin

Tricia Farin

+1(203) 470-8250
$ 495,000
Est. payment /mo
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Active

53 Norton Street Bristol, CT 06010

5 Beds

3 Baths

3,216 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,216 sqft

Price per Sqft $153

MLS Listing ID 24105152

Style Units on different Floors

Bedrooms 5

Full Baths 3

Year Built 1910

Annual Tax Amount $8,574

Lot Size 4,356 Sqft

Property Sub-Type 3 Family

Property Description

VALUE ADD!!! Investment opportunity in Bristol, CT | 11-unit cash-flowing portfolio consisting of (one) 5-unit (one) 3-unit and (one) 3-unit w/ a garage + 1 additional unit being used for owner storage. 53 Norton is centrally adjacent to one another for ease of management and includes a 440 sq ft garage + 1-Room & 1-Bathroom w/ electric heat that is currently used for storage. 11-unit price is $1.6M and 14-unit price which includes the additional 3 units at 116 Divinity, Bristol is $1.9M. These properties MUST BE SOLD AS A PACKAGE: 52 Colony St, 53 Norton St, 6 Houghton, and 8 Houghton - 116 Divinity can be purchased at a discounted sale price with the portfolio. Ideal for a 1031 exchange or cash-flow investor looking for a low maintenance investment with minimal renovation needs, in a high-demand rental market. Actual income $204k/year with pro forma rents projected at $261k/year, offering a 7% actual-CAP and 9.8% proforma. Properties are in a good condition with gas and electric heat, plenty of off-street parking, and strong upside with below-market rents. Financials (rent roll, P&L, leases) available upon request with POF or Pre-Approval. Don't miss out on this rare opportunity in one of Bristol's strongest rental corridors.

Location

State CT

County Hartford

Zoning R-15/R

Rooms

Basement Full

Interior

Heating Baseboard

Cooling Window Unit

Exterior

Parking Features None

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Foundation Concrete, Masonry

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Shy Grahame • Berkshire Hathaway NE Prop.
agent
Tricia Farin

Real Estate Agent | License ID: RES.0809865

+1(203) 470-8250 | triciafarinrealtor@gmail.com

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53 Norton Street