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60 Washington St
Bristol, RI 02809
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Downtown Bristol
- Town Park Across the street.
- Walk to water & Bike Path
- Rental Upside
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity in the sought-after East Bay area, this charming low-rise property boasts a 6,816 SF building with 6 units, offering a blend of historic character and modern convenience. Built in 1920 and zoned R-6, the property enjoys full occupancy, presenting a stable income stream for the discerning investor. This property is just outside the Bristol Historic District. Each unit showcases timeless architectural details and comfortable living spaces, appealing to tenants seeking a blend of tradition and contemporary living. With its attractive rental history and prime location, this well-maintained property promises a strong return on investment in the thriving multifamily market.
PROPERTY FACTS Under Contract
| Price Per Unit | $323,388 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 7.07% | Building Size | 8,315 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-6 - Apartment | ||
| Price Per Unit | $323,388 CAD |
| Sale Type | Investment |
| Cap Rate | 7.07% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,315 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | R-6 - Apartment |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | BRIS-000006-000000-000059 | Improvements Assessment | $643,858 CAD |
| Land Assessment | $192,226 CAD | Total Assessment | $836,084 CAD |
PROPERTY TAXES
Parcel Number
BRIS-000006-000000-000059
Land Assessment
$192,226 CAD
Improvements Assessment
$643,858 CAD
Total Assessment
$836,084 CAD
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