55 Foley St, Bristol, CT 06010

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.

Property consists of three legal residential units: two 2-bedroom apartments and one efficiency. Exceptionally strong rent roll with the first-floor 2BR at $1,750/month, second-floor 2BR at $1,800/month, and efficiency at $800/month, producing total gross rents of $4,350/month ($52,200 annually). The efficiency was renovated in 2024 and provides additional future rental upside. Recent exterior work includes full power washing and cleanup, painting of decks, repair/replacement of damaged stairs and railings, correction of gutter drainage, and aluminum capping of windows and doors to provide additional protection from the elements and help reduce future exterior maintenance. Property also features a detached 3-bay garage, updated electrical with four separate panels, and three separate heating systems. Two boilers are located in the basement, with the third-floor unit served by its own natural-gas heating system located within the unit. Coin-operated laundry equipment is located in the basement; operating condition unknown. Owner currently pays water and common-area electric. Additional investment opportunity: Seller is also offering 6-8 Dudley Street, Bristol, a separate 3-family property. Investors may purchase 55 Foley Street individually or explore acquiring both Bristol 3-family properties as a package.