444 West StBristol, CT 06010

This exceptional value-add opportunity presents a 7-unit apartment building situated at 444-454 West Street in Bristol, Connecticut, 06010. The property, built in 1900 and renovated in 1913, encompasses 6,940 square feet on a 0.3-acre lot. The two-story building features a diverse unit mix and offers significant potential for increased profitability. The asking price is $825,000, representing a price per unit of $117,857. The current cap rate stands at 7.87%, with a pro-forma cap rate projected at 9.66% and a pro-forma NOI of $79,721. The property includes six parking spaces and the potential to monetize two garage spaces. Three units offer expansion possibilities, adding further value to this investment. Located in Hartford County, Bristol provides a blend of urban and rural amenities, including proximity to ESPN studios and Lake Compounce. Its convenient location, 18 miles southwest of downtown Hartford, and access to US Highway 6 and Interstate 84, make it an attractive location for renters. This Class C multifamily property presents a compelling investment opportunity with strong potential for future growth.