E
Seller's Agent in 2017
Erin Milbrandt
Tier 1 Real Estate
359 Brook St Bristol, CT 06010
Forestville Neighborhood
7
Beds
4
Baths
3,384
Sq Ft
1.14
Acres
Highlights
- 1.14 Acre Lot
- No HOA
- Baseboard Heating
- Attic
- 3 Car Attached Garage
- Wood Siding
About This Home
As of November 2017Turn-Key 4 unit property that is rarely available in the Forestville section of Bristol. Great CASH FLOW! 10% Cap rate and 20+% ROI. Three of the units have hardwood floors, and all units have been updated and are in good condition. Three garage bays, only one of which is currently being rented out. The property has abundant parking, and potential for more with a large, flat back yard if so desired. The one bedroom unit in the basement is below market rental rate and can be raised at the end term. Tenants pay for their own heat and electricity, while owner pays for oil for central furnace, which is the heat source for all four apartments. Capital improvements from the current owner include an exterior paint job, a full electrical service upgrade, separating out electrical utilities, adding a hot water heater so that tenants would be responsible for electric and hot water, and adding washer dryer hookups. Value add opportunity by raising the one bedroom rent, and renting out all garages. Please see attached for a detailed income and expense breakdown of the property over the past twelve months.
Last Agent to Sell the Property
Erin Milbrandt
Tier 1 Real Estate Listed on: 09/30/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,144
Year Built
- Built in 1962
Lot Details
- 1.14 Acre Lot
Home Design
- Concrete Foundation
- Asphalt Shingled Roof
- Wood Siding
- Concrete Siding
- Shingle Siding
Interior Spaces
- Finished Basement
- Basement Fills Entire Space Under The House
- Attic or Crawl Hatchway Insulated
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Parking
- 3 Car Attached Garage
- Driveway
- Off-Street Parking
- Unassigned Parking
Utilities
- Baseboard Heating
- Heating System Uses Oil
- Electric Water Heater
- Fuel Tank Located in Basement
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Gross Income $41,895
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/16/2017 11/16/17 | Sold | $280,000 | -1.8% | $83 / Sq Ft | |
| 10/05/2017 10/05/17 | For Sale | $285,000 | 0.0% | $84 / Sq Ft | |
| 10/05/2017 10/05/17 | Pending | -- | -- | -- | |
| 09/30/2017 09/30/17 | For Sale | $285,000 | 0.0% | $84 / Sq Ft | |
| 11/27/2016 11/27/16 | Rented | $875 | 0.0% | -- | |
| 11/10/2016 11/10/16 | For Rent | $875 | 0.0% | -- | |
| 02/26/2016 02/26/16 | Sold | $239,900 | +6.6% | $71 / Sq Ft | View Prior Sale |
| 01/11/2016 01/11/16 | Pending | -- | -- | -- | |
| 01/05/2016 01/05/16 | For Sale | $225,000 | -- | $66 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,406 | $249,060 | $55,230 | $193,830 |
| 2024 | $7,438 | $233,520 | $55,230 | $178,290 |
| 2023 | $7,087 | $233,520 | $55,230 | $178,290 |
| 2022 | $6,617 | $172,550 | $44,940 | $127,610 |
| 2021 | $6,617 | $172,550 | $44,940 | $127,610 |
| 2020 | $6,617 | $172,550 | $44,940 | $127,610 |
| 2019 | $6,566 | $172,550 | $44,940 | $127,610 |
| 2018 | $6,364 | $172,550 | $44,940 | $127,610 |
| 2017 | $6,144 | $170,520 | $56,140 | $114,380 |
| 2016 | $6,144 | $170,520 | $56,140 | $114,380 |
| 2015 | $5,902 | $170,520 | $56,140 | $114,380 |
| 2014 | $5,902 | $170,520 | $56,140 | $114,380 |
Source: Public Records
Agents Affiliated with this Home
-
-
Filipe Pereira
Buyer's Agent in 2017
Filipe Pereira
Carl Guild & Associates
(860) 990-9103
13 Total Sales
-
Chloe White
Seller's Agent in 2016
Chloe White
KW Legacy Partners
(860) 302-7717
11 in this area
227 Total Sales
-
Ryan Smith
Buyer's Agent in 2016
Ryan Smith
Tier 1 Real Estate
(860) 579-6927
10 in this area
104 Total Sales
Map
Source: SmartMLS
MLS Number: 170017969
APN: BRIS 0127116
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