7 Upson
Bristol, CT 06010

Property

Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 13 BR
Bathrooms: 10
Area: 6926 sq ft

Financials

Price:$1,264,000
Annual Taxes:$13,603
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Sandy Strickling of Sky Realty Group

5 7 Upson St is a 10 unit multifamily offering an attractive opportunity to acquire scale at a strong basis in Bristol, CT.

Description

5-7 Upson St is a 10-unit multifamily offering an attractive opportunity to acquire scale at a strong basis in Bristol, CT. With a current NOI of $98,059 and an actual cap rate of 7.8%, the property offers upside potential to a 9.3% cap on a proforma basis. Strategically located just 20 miles southwest of Hartford and within two hours of New York City and Boston, Bristol combines affordability with access to regional employment hubs, attracting a steady renter base. The city's economy is anchored by ESPN and supported by healthcare, advanced manufacturing, and financial services, while ongoing Downtown Bristol and Centre Square redevelopment initiatives enhance the live-work-play environment. High occupancy, limited housing supply, and rising rents create a favorable environment for multifamily investors seeking both immediate income and long-term appreciation. A strong debt service coverage (1.67 proforma) and projected ROI up to 14.9%, this turnkey 10-unit asset represents a rare investment opportunity in a high-demand Central Connecticut rental market.

Amenities

  • Elementary School - Per Board of Ed
  • High School - Per Board of Ed
  • Intermediate School - Per Board of Ed

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