55 Foley St, Bristol, CT 06010

$369,900
5
BD
3
BA
1,784
SqFt

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List Price
$369,900
Status
ACTIVE
MLS#
24210254
Year Built
1910
Bedrooms
5
Bathrooms
3
Acres
0.13
Living Area
1,784
Neighborhood
N/A

Property Description

ATTENTION INVESTORS! Hard-to-find value at this price point! Fully occupied 3-family investment opportunity near Downtown Bristol offering strong in-place income plus rental upside. Property consists of two 2-bedroom apartments and one efficiency, currently generating $3,750/month ($45,000 annually). The second-floor HAP-assisted unit rents for $1,700/month, while the first-floor rent has never been increased, providing future upside. Efficiency apartment was renovated in 2024. A detached 3-bay garage is a major added feature, providing valuable parking/storage and long-term value. Additional features include updated electrical with 4 separate panels and 3 separate heating systems. Recent exterior improvements include painting, power washing, railing repairs and refreshed stairs. Coin-operated laundry equipment is located in the basement; operating condition is unknown. Seller's market-rent analysis supports potential residential rents of approximately $4,200-$4,550/month. Conveniently located near Downtown Bristol. Sold as-is. One of the parties to the LLC has an active real estate license.

Additional Information

Taxes
$4,633
Lot Size
5,662
Heating
Hot Water
Cooling System Type
Window/Wall
Water Source
Public
Basement
Full
Exterior Features
Balcony
Garage Spaces
3
Parking Spaces
6
Elementary School
Per Board of Ed
High School
Per Board of Ed

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Calculator source: Real Geeks

Listing courtesy of Nauman Nafees from The Bella Group, LLC. (860) 634-2233 (860) 868-0639

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