Please consider this opportunity to acquire two historically-rehabilitated former elementary schools comprised of 98 one-bedroom apartments, with consistent 100% occupancy. Bingham Place Apartments & O’Connell School Apartments, with 42 and 56units respectively, are located one mile apart from each other in Bristol’s revitalized center city, with convenient access to goods, services, recreational and sports venues, state and interstate highways, and public transportation. Both properties feature state-of-the-art geothermal and solar electricity and heating systems, keyless entry, off-street parking, and units retaining much of the original schoolhouse charm, including high windows, chalkboards, and hardwood flooring. The asking price for both properties is $19.25 million, based on an NOI of approximately$1.14 million, yielding a CAP rate of approximately 6. Of the total units, 80% are market rent, and 20% are affordable with income requirement of 80% of AMI or less. Given the number of young professional residents, annual turnover is approximately 15%, but the units quickly fill, and at higher rental rates for the new leases. For more information, and to schedule a tour, please contact exclusive agent Vance Taylor, 860-480-3307, vance@cregct.com.