home sold

About the Home

Value- Add Solid Brick Rooming House Opportunity in Bridgeport. New ownership can realize a 10.8%+ Cap Rate through increased occupancy, modest updates, and increasing rents. This property consists of 3 Studio apartments and 12 individual rooms with kitchenette, refrigerator, and closet. The 12 rooms each have shared access to 2 full bathrooms and a full kitchen. Heat is serviced by a central gas fired boiler and baseboards/radiators throughout. Owner pays for gas heat and hot water, electric, and cleaning. Management is willing to stay on with a new owner. Ample off-street parking in back for about 10 cars. Owner is a Real Estate Licensee.