Description
Investor's Dream: Welcome to 255 Main Street, a remarkable mixed-use building in the heart of Bristol. This asset is a golden opportunity for savvy investors, offering a blend of residential and commercial income streams. The property features 8 residential units, each approximately 500-550sqft with one bedroom and full bath. Additionally, there are 2 commercial spaces, each around 1000sqft. One is currently leased to Brooklyn Deli & Market. Located just seconds away from Bristol's bustling downtown and directly across from the Bristol Public Library, this building is strategically positioned for growth. Tenants are responsible for electric, heat, and hot water, ensuring lower operational costs for owners. Quality updates include a newer roof, updated kitchens and bathrooms in 7 of the residential units, and freshly painted common areas. Seven of ten water heaters have also been recently replaced. The residential units are at 100% occupancy and are all rented between $700-$900/mo. The proforma for these units is $1000. The property also offers on-street parking and 4 dedicated parking spots in the rear lot. This asset is perfectly positioned to benefit from Bristol's ongoing downtown redevelopment, making it a must-see for any serious investor. Don't miss this chance to own a piece of Bristol's growing economy!
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
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6,720SQFT
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$148$/SQFT
School Information
Description
Investor's Dream: Welcome to 255 Main Street, a remarkable mixed-use building in the heart of Bristol. This asset is a golden opportunity for savvy investors, offering a blend of residential and commercial income streams. The property features 8 residential units, each approximately 500-550sqft with one bedroom and full bath. Additionally, there are 2 commercial spaces, each around 1000sqft. One is currently leased to Brooklyn Deli & Market. Located just seconds away from Bristol's bustling downtown and directly across from the Bristol Public Library, this building is strategically positioned for growth. Tenants are responsible for electric, heat, and hot water, ensuring lower operational costs for owners. Quality updates include a newer roof, updated kitchens and bathrooms in 7 of the residential units, and freshly painted common areas. Seven of ten water heaters have also been recently replaced. The residential units are at 100% occupancy and are all rented between $700-$900/mo. The proforma for these units is $1000. The property also offers on-street parking and 4 dedicated parking spots in the rear lot. This asset is perfectly positioned to benefit from Bristol's ongoing downtown redevelopment, making it a must-see for any serious investor. Don't miss this chance to own a piece of Bristol's growing economy!
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