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'255 Main St, Bristol, CT 06010
   
255 Main St, Bristol, CT 06010
6,720 Sqft

$675,000
6 Days on Market

This asset is a mixed use building, consisting of 8 one bedroom apartments and 2 commercial retail spaces. the building is a brick exterior, and is located just seconds away from bristol's downtown redevelopment. the residential units are easily rented between $700-$800 per month, tenants pay electric heat and hot water. the apartments average about 500-550 square feet in size. the apartments are all updated with newer kitchens and bathrooms. one commercial unit is currently occupied on a long term lease at $850 month, and is operating as a deli and mini market. the other commercial space is currently available for lease at $850 month. the commercial spaces consists of approximately 1,000 square feet each and could be retail or professional use. the current owner added a new rubber roof to the property. the back stairwell has been updated. the building is easily access from the highway using rte. 72, and is located directly across the street from the bristol public library. there is on-street parking available, and there are three off street parking spaces. additional spots potentially available in nearby shared or municipal lots. pro forma operating statement available, which reflects an noi of about $56,000 per year and a cap rate of over 8% at the current offering price.

255 Main St, Bristol, CT 06010255 Main St, Bristol, CT 06010255 Main St, Bristol, CT 06010255 Main St, Bristol, CT 06010255 Main St, Bristol, CT 06010255 Main St, Bristol, CT 06010255 Main St, Bristol, CT 06010255 Main St, Bristol, CT 06010255 Main St, Bristol, CT 06010255 Main St, Bristol, CT 06010

Details
10 Units | 0.09 Acres | Built in 1904

Sqft
6720 Total Sqft

Parking
0 Total Spaces

Location
Corner Lot  | TOWN

Business

Financials
$82,365 Gross Income | $55,723 Net Income | $26,641 Expenses

Utilities
Baseboard  | Public Water

Taxes
$257,530 Assessment | 38.05 Mill Rate | $9,799 Taxes

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Listing Agent
Tier 1 Real Estate | Dena J Canney | (860) 869-9911

This real estate listing for sale at 255 Main St is presently used as with 6720 total sqft and was built in 1904. It is located in the Bristol, CT area with the 06010 zip code. For more info about the property at 255 Main St, Bristol, CT 06010 or if you would like to schedule a showing, please contact the listing agent above.

Data sourced from CT_SMARTMLS and was updated November 13, 2019.

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