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Value-Add Investors, this cash-flowing 6-unit building is a MUST-have for your portfolio! Well-maintained and located walking distance from Bridgeport Hospital, you will walk into this investment at an 8.75% cap rate and still have upside to increase your cash flow. The property consists of all 1 bedroom units, most of which have been updated in the last few years. Minimal renovations are needed for this investment to run at a 10% cap rate once fully stabilized. Full basement with laundry accessible from the first floor. With on-street parking the current option for tenants, a savvy investor may want to turn the spacious backyard into a parking lot, providing additional spots for tenants and creating additional income for the new landlord. With this deal, you can advantage of the rising rental demand in Bridgeport, and own a valuable asset in one of Connecticut's hottest investment markets.
New construction | no/resale |
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Construction year | 1907 |
Exterior Siding | vinyl siding |
Foundation | concrete |
Roof | asphalt shingle |
Current price | $ 724,900 |
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Tax amount | $ 8,027 |
Tax year | july 2023-june 2024 |
MLS ID | 170614995 |
Listing date: | December 14, 2023 |
Status | cont. to show |
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