36 Bellevue Ave
Bristol, CT 

Price:
$800,000

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1/5

price

$800,000

square feet

10,962

cap rate

7.1%

built

1880

units

7

buildings

1

noi

$56,540

renovated

2013

description:

Fully Renovated (2009-2013) historic 7 Unit Victorian Multifamily in the Federal Hill District of Bristol. The property has been rebuilt from the outside walls in featuring new windows and roof, 7 new high efficiency gas forced hot air heating systems and 7 gas hot water heaters, new plumbing and 8 electric meters, wood and vinyl flooring, and newer kitchens and baths. 7 fireplaces (one in each unit) and 3 units have been fully reconstructed from framing inward. Lots of historical woodwork has been restored, and the units have an old world classic charm preserved with modern comforts. Some units feature Granite counter tops and Mosaic shower surround with New stainless steel appliances. 1 Fireplace for cosmetic purposes.  Exterior painted last year.  

Stable Turnkey Investment with stable tenants and occupancy.  7 .1% CAP rate with 9.3% ROI on actuals with upside rent potential.
Tenants pay for heat, hot water, and electric.

Well maintained property on a large Corner Lot in desirable Federal Hill District. 

Very close to the Bristol hospital, ESPN and Lake Compounce. 
Easy Access to I-84 and Highway 6.

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