Skip to main content

Multifamily

North Main Street Mixed-use Portfolio

411-431 N Main St, Bristol, CT 06010

Listing Price: $2,995,000

Cap Rate
7.74%
Number of Units
32
Occupancy
100.0%
Price/Unit
$93,594
Price/Gross SF
$113.88
Gross SF
26,300

Investment Overview

Marcus & Millichap is pleased to present North Main Street mixed-use properties located on North Main Street in Bristol, Connecticut. The three contiguous, brick building portfolio is located on .92 acres comprised of 32 units, including 14 two-bedroom apartments, 12 one-bedroom apartments and 6 commercial/retail spaces. Each building feature two store front commercial spaces on the ground level and apartments above. The majority of the units have been recently updated including new kitchens, baths, and other modern features; along with new boilers and hot water storage tanks, all new triple-pane windows, LED lighting, and weatherization of all the units throughout the three buildings. Combined the buildings are a total of 26,300 square feet and have oil fired forced hot water baseboard in each unit. Additional amenities include laundry and off-street parking for tenants and guests in the back of the buildings. The North Main Street portfolio is conveniently located on one of most prominent streets in the center of Downtown Bristol. The properties are located a block away from Route-6 and approximately 6-miles from I-84. The properties are less than a half hour from Downtown Hartford and in close proximity to many local and national restaurants, cafes, shopping options, schools and fitness centers as well as the brand-new Bristol Hospital and ESPN headquarters. The quality units and convenient location have made the North Main Street portfolio a historically highly demanded asset that will continue for decades to come.

Investment Highlights

  • Three Mixed-use Brick Assets located on North Main Street in Bristol, Connecticut.
  • Attractive Unit Mix of 14 Two-Beds, 12 One-Beds and Six Commercial/Retail Units
  • Strong Rental History & Significant Upside to Raise Rents to local Market Rates and Renovate Remaining Apartments
  • Assumable Property Manager (lives on-site), Off Street Parking and Laundry Facilities located on Site
  • Many Capital Improvements including Updated Units, New Boilers, All New Triple-pane Windows, LED Lighting Throughout, & Weatherization of all Units
  • Close to Popular Area Amenities, Employers, Shopping & Restaurants

Exclusively Listed By

Broker of Record

  • John Krueger

    Vice President / Regional Manager

    (203) 672-3300

    License(s) CT: REB.0752012

    Connecticut

Multifamily

North Main Street Mixed-use Portfolio

Listing Price: $2,995,000

Cap Rate
7.74%
Number of Units
32
Occupancy
100.0%
Price/Unit
$93,594
Price/Gross SF
$113.88
Gross SF
26,300

Investment Highlights

  • Three Mixed-use Brick Assets located on North Main Street in Bristol, Connecticut.
  • Attractive Unit Mix of 14 Two-Beds, 12 One-Beds and Six Commercial/Retail Units
  • Strong Rental History & Significant Upside to Raise Rents to local Market Rates and Renovate Remaining Apartments
  • Assumable Property Manager (lives on-site), Off Street Parking and Laundry Facilities located on Site
  • Many Capital Improvements including Updated Units, New Boilers, All New Triple-pane Windows, LED Lighting Throughout, & Weatherization of all Units
  • Close to Popular Area Amenities, Employers, Shopping & Restaurants

Investment Overview

Marcus & Millichap is pleased to present North Main Street mixed-use properties located on North Main Street in Bristol, Connecticut. The three contiguous, brick building portfolio is located on .92 acres comprised of 32 units, including 14 two-bedroom apartments, 12 one-bedroom apartments and 6 commercial/retail spaces. Each building feature two store front commercial spaces on the ground level and apartments above. The majority of the units have been recently updated including new kitchens, baths, and other modern features; along with new boilers and hot water storage tanks, all new triple-pane windows, LED lighting, and weatherization of all the units throughout the three buildings. Combined the buildings are a total of 26,300 square feet and have oil fired forced hot water baseboard in each unit. Additional amenities include laundry and off-street parking for tenants and guests in the back of the buildings. The North Main Street portfolio is conveniently located on one of most prominent streets in the center of Downtown Bristol. The properties are located a block away from Route-6 and approximately 6-miles from I-84. The properties are less than a half hour from Downtown Hartford and in close proximity to many local and national restaurants, cafes, shopping options, schools and fitness centers as well as the brand-new Bristol Hospital and ESPN headquarters. The quality units and convenient location have made the North Main Street portfolio a historically highly demanded asset that will continue for decades to come.

Exclusively Listed By

Broker of Record

  • John Krueger

    Vice President / Regional Manager

    (203) 672-3300

    License(s): CT: REB.0752012

    Connecticut

MM Texture Background
MM Textured Background Lower