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Excellent location within walking distance to downtown shopping,restaurants,elementary and high schools. This apartment building is a REAL income producer with potential for continued revenue growth. Present Gross is $43,500. With data provided by the seller this property has a CAP rate of 7.3 at the listed price and can easily be increased by 1 or more each year. With the demand for housing in downtown Bristol and low rents at this building, rents clearly have potential for upward movement. †
Property Location
42 Munsill Ave Bristol
Property Details
Sold Price $425,000
Sold Date Apr 2nd, 2007
List Price 425,000
Bedrooms 12
Garage Size 9 Car
Cooperation Fee Unknown
Total Bathrooms 6
Year Built 1942
MLS# 3036164
Lot Size 0.41 Acres
Taxes $5,837
Type Multi-Family
Days on Market 7069 Days
Tax Year 2005
Units 6
Stories 2
Road Frontage 80
Annual Income $0
Style
Water Frontage
Annual Expenses $16,028
Finished 5,198 Sqft
Construction No, New Construction
Zoning
Above Grade 5,198 Sqft
Seasonal
Total Rooms 25
Below Grade 0 Sqft
List Date Jan 26th, 2007
Gross Income $0
Operating Expenses $16,028
Net Income $43,500
Expenses Includes
Unit 1 3 Beds, 1 Baths, 900 SqFt, $800/Mo
Unit 2 2 Beds, 1 Baths, 900 SqFt, $625/Mo
Unit 3 2 Beds, 1 Baths, 900 SqFt, $625/Mo
Unit 4 2 Beds, 1 Baths, 900 SqFt, $700/Mo
Unit 5 2 Beds, 1 Baths, 900 SqFt, $0/Mo
Unit 6 1 Beds, 1 Baths, 700 SqFt, $0/Mo
Construction
BasementNone
Interior Features
Exterior Features
Exterior Vinyl
Disability Features
Foundation
House Color Yellow
Floors Carpet
Building Certifications
Roof Shingle-Fiberglass
HERS Index
DirectionsRoute 17/116 or Main Street to Munsill Avenue yellow apartment building on the right.
Lot DescriptionMountain View
Garage & Parking Yes, On Site
Road Frontage 80
Water Access
Driveway Other, Gravel
Water Type
Flood Zone
Water Body
Zoning
School District NA
Middle Mount Abraham Union Mid/High
Elementary Bristol Elementary
High Mount Abraham Union Mid/High
Heat Fuel Gas-Lp/Bottle
Excluded
Heating/Cool Individual, Baseboard, Individual, House Unit, Hot Water
Negotiable
Sewer Leach Field, Septic
Parcel Access ROW No
Water Public
ROW for Other Parcel
Water Heater Domestic, Gas-Lp/Bottle
Financing Conventional, Cash Only
Cable Co Aldelphia
Documents Deed, Property Disclosure, Plot Plan
Electric
Tax ID
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† The remarks published on this webpage originate from Listed By of via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.