55 Foley Street
Bristol, Connecticut

Description:

ATTENTION INVESTORS! EXCEPTIONALLY STRONG RENT ROLL AT THIS PRICE POINT! Fully occupied 3-family near Downtown Bristol generating $4,350/month ($52,200 annually) from two 2-bedroom apartments renting for $1,750 and $1,800, plus an $800 efficiency. This rare income profile offers strong cash flow from day one, with additional upside remaining in the efficiency. Efficiency was renovated in 2024. Property also features a detached 3-bay garage, providing valuable parking and storage. Recent exterior improvements include full power washing and cleanup, painted decks, repaired/replaced stairs and railings, corrected gutter drainage, and aluminum capping of windows and doors for added exterior protection and reduced maintenance. Additional features include updated electrical with 4 separate panels and 3 separate heating systems. Seller is also offering 6-8 Dudley Street, another Bristol 3-family, providing investors the opportunity to purchase either property individually or acquire both as a package. Conveniently located near Downtown Bristol. Sold as-is. One of the parties to the LLC has an active real estate license.

Listing Courtesy of The Bella Group, LLC