VALUE ADD!!! Investment opportunity in Bristol, CT | 11-unit cash-flowing portfolio consisting of (one) 5-unit (one) 3-unit and (one) 3-unit w/ a garage + 1 additional unit being used for owner storage. 53 Norton is centrally adjacent to one another for ease of management and includes a 440 sq ft garage + 1-Room & 1-Bathroom w/ electric heat that is currently used for storage. 11-unit price is $1.6M and 14-unit price which includes the additional 3 units at 116 Divinity, Bristol is $1.9M. These properties MUST BE SOLD AS A PACKAGE: 52 Colony St, 53 Norton St, 6 Houghton, and 8 Houghton – 116 Divinity can be purchased at a discounted sale price with the portfolio. Ideal for a 1031 exchange or cash-flow investor looking for a low maintenance investment with minimal renovation needs, in a high-demand rental market. Actual income $204k/year with pro forma rents projected at $261k/year, offering a 7% actual-CAP and 9.8% proforma. Properties are in a good condition with gas and electric heat, plenty of off-street parking, and strong upside with below-market rents. Financials (rent roll, P&L, leases) available upon request with POF or Pre-Approval. Don’t miss out on this rare opportunity in one of Bristol’s strongest rental corridors.
- Heating System:
- Baseboard
- Cooling System:
- Window Unit
- Basement:
- Full
- Foundation Type:
- Concrete, Masonry
- Heat Fuel Type:
- Electric
- Exterior Siding:
- Vinyl Siding, Brick
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 0
- Hot Water Description:
- 40 Gallon Tank
- Lot Description:
- Level Lot
- Water Source:
- Public Water Connected
- Street:
- Norton
- Street Number:
- 53
- Floor Number:
- 0
- Longitude:
- W73° 2′ 36.9”
- Latitude:
- N41° 40′ 10.9”
- Office Name:
- Berkshire Hathaway NE Prop.
- Agent Name:
- Shy Grahame
- List Agent MLSID:
- GRAHAMES
- List Office MLSID:
- BHHS10
- Tax Year:
- July 2025-June 2026
- Directions:
- Per GPS
- Elementary School:
- Per Board of Ed
- High School:
- Per Board of Ed
- HOA Fee Amount:
- $0
- Parcel Number:
- 471439
- Property Tax:
- $8,574
- Zoning:
- R-15/R
Multi-family For Sale
53 Norton, Bristol, 06010
- Property Type :
- Multi-family For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24105152
- Price :
- $495,000
- Bedrooms :
- 5
- Baths Total :
- 3
- Bathrooms :
- 3
- Half Bathrooms :
- 0
- Square Footage :
- 3,216 Sqft
- Year Built :
- 1910
- Lot Area :
- 0.10 Acre
- City:
- Bristol
- Zipcode:
- 06010
- Property Sub Type :
- 3 Family
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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