$724,900 ($201.36 per sqft)
Under Contract - Continue to Show
Est. Mortgage $3,858/mo *
49 White Street, Bridgeport, (Mill Hill), CT, 06610
12 rooms
6 beds
6 Full baths
1907
3,600 sqft
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.
Status:
Under Contract - Continue to Show
Town:
Bridgeport
Type:
Multi-family
Laundry Remarks:
Common Laundry Area
Units:
6
Zoning:
RC
Garage:
On Street Parking
Heating:
Hot Water
Cooling:
Ceiling Fans
Basement:
Full
Acreage:
0.13
Est. Taxes:
$8,027
Assessment
$184,730
Lot Description:
N/A
Elementary School:
Dunbar
High School:
Warren Harding
Days on Market:
147
MLS #:
170614995
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Copyright ©2024 SmartMLS, Inc.
Listing courtesy of Micah Bailey, Alpha Capital Realty, LLC Email: micah@alphacapitalfunds.com