Price Reduced 20.75%
Price History
$1,325,000
11/2/2023
$1,050,000
3/15/2024
357-359 Norman Street, Bridgeport, (West End), CT, 06605
1 beds
1892
4,570 sqft
Outstanding Investment Opportunity! This apartment building is approximately 4570 square feet with 15 units plus an office unit for property management. Apartments are various sizes, several have separate bedrooms, most are studio/efficiency units. Estimated cap rate is 9.27%. The building has central air, gas heat, security cameras, centralized fire safety, fire suppression in the basement and individual unit mail/key boxes. Originally built in 1892 as 2 duplex homes on land purchased from the estate of PT Barnum. Each side of the building has its own HVAC operation. The property is located across from the Klein Memorial Auditorium (Performing Arts Center), convenient to mass transportation, shopping, parks and beaches.
Status:
Active
Town:
Bridgeport
Type:
Commercial
Units:
16
Zoning:
RC
Frontage:
Municipal Street,Paved Road
Garage:
Off Street Parking, On Street Parking
Heating:
Hot Air
Cooling:
Central Air
Acreage:
0.11
Est. Taxes:
$13,834
Assessment
$318,400
Current Use
Individual apartments
Utilities
Electric,Gas,Cable,Fire Suppression System
Lot Description:
Level Lot
Days on Market:
181
MLS #:
170605982
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Copyright ©2024 SmartMLS, Inc.
Listing courtesy of Jim Cullinan, Coldwell Banker Realty Email: jim.cullinan@cbrealty.com