215 Park Street
Bristol, Connecticut

Description:

VALUE ADD!! 9.9% ACTUAL CAP-RATE! 16%+ pro-cap. (1) 2-Bed has a bonus room on the lower level and the top floor (1) bed has 2-additional rooms on the upper level. Three units are month to month tenants with no leases, and the second-floor lease expires 08/30/2026. There is slight settling, which is reflected in the price. The property shares a driveway with two other multi-family properties; an area beneath the driveway slab has sunk and this would need to be repaired by the next buyer in full or split between the adjoining owners of 213 and 211 park. PLEASE READ ADDITIONAL PUBLIC REMARKS for more information. The property is fully rented but tenants do park on the street given the restriction. Property is being sold AS-IS, where is.

Listing Courtesy of Berkshire Hathaway NE Prop.