Created date: July 9, 2024
Date last updated: September 23, 2024
Property Description
Northeast Private Client Group is pleased to present the Landry Street Apartments, a 22-unit multifamily portfolio located in Bristol, Connecticut. The Landry Street Apartments are comprised of five (5) adjacent multifamily homes, all located on the same street. The addresses are 19 Landry, 20 Landry, 25 Landry, 29 Landry & 33 Landry Street.
19 Landry Street is comprised of six (6) - 2 bed, 1 bath units. Tenants are responsible for their own heat (electric) as well as hot water (gas). The property has received significant upgrades inclusive of a brand new roof, exterior painting, all new hot water heaters, and two of the units receiving a renovation. There is off street parking for all tenants.
20 Landry Street is comprised of four (4) – 1 bed, 1 bath and two (2) - 2 bed, 1 bath units. Tenant are responsible for their own heat (electric) and hot water (electric). The building has a brand new roof, doors, windows and three of the units have received renovations. There is off street parking for all tenants.
25 Landry Street is comprised of four (1) – 1 bed, 1 bath and one (1) - 2 bed, 1 bath units. The landlord is responsible for the heat (gas, central boiler) and the hot water (gas, individual tanks). The property is currently sub-metered for gas hot water, but the landlord has elected to include it in the rent. There is off street parking for all tenants.
29 Landry Street consists of three (3) – 2 bed, 1 bath units. Tenants are responsible for their own heat (gas) and hot water (gas). There is off-street parking for all tenants.
33 Landry Street is a two-family with both units being, 2 bed, 1 bath. Tenants are responsible for their own heat (gas) and hot water (gas). The property has received upgraded electrical, and the replacement of the plumbing and sewer lines. There is a driveway for off-street parking.
All buildings are located on a quiet dead-end street. A new owner has the ability to add value through converting many of the two bedroom units to three bedrooms to capitalize on higher rent.