215 Park Street, Bristol, CT 06010

VALUE ADD!! 9.9% ACTUAL CAP-RATE! 16%+ pro-cap. (1) 2-Bed has a bonus room on the lower level and the top floor (1) bed has 2-additional rooms on the upper level. Three units are month to month tenants with no leases, and the second-floor lease expires 08/30/2026. There is slight settling, which is reflected in the price. The property shares a driveway with two other multi-family properties; an area beneath the driveway slab has sunk and this would need to be repaired by the next buyer in full or split between the adjoining owners of 213 and 211 park. PLEASE READ ADDITIONAL PUBLIC REMARKS for more information. The property is fully rented but tenants do park on the street given the restriction. Property is being sold AS-IS, where is. An engineer has filed an application to begin culvert repairs for the property. Culvert repair typically involves replacing or reinforcing the underground drainage pipe, stabilizing the surrounding soil, and restoring the driveway surface above it. The estimated cost of this work is $50,000 to be shared equally among the three adjoining property owners (211, 213, and 215 Park Street). This obligation will transfer to the new owners of 211 Park Street and 215 Park Street, along with the current owner of 213 Park Street, and will be settled after closing. There will be an open permit at the time of title transfer, which the new buyer will assume. Driveway issues have already been reflected in the listing price. No negotiations - this property is being sold strictly as-is, where-is. Buyer to perform their own due diligence. Note: 211 Park Street and 215 Park Street are currently for sale as separate parcels, but they can be purchased simultaneously.