93-105 Wood Avenue, Bridgeport, CT, 06605 | $1,499,000

93-105 Wood Ave, Bridgeport, CT - A rare opportunity to own a mixed-use income and commercial property with two-family living plus a massive industrial building in one package. The residential portion offers a 2-family layout with a 1-bedroom unit on the 1st floor and a 3-bedroom unit on the 2nd floor, ideal for owner-occupants or rental income. Recent upgrades include a new roof and new gutters, offering peace of mind and reduced maintenance. The commercial structure features an impressive 12, 000 SF building, split into 6, 000 SF of industrial space set up for a repair/garage operation, plus 6, 000 SF on the 2nd floor, formerly used as a recording studio. Highlights include a 12' drive-in door, 18' ceilings, and a roof approximately 8 years old-perfect for contractors, automotive, warehouse/storage, creative space, or conversion/ development potential. Owner is willing to hold paper, making this a flexible and attractive option for qualified buyers seeking alternative financing.

Features

  • Utilities: Electric,Gas
  • Heating: Hot Air
  • Cooling: Central Air
  • Units: 3
  • Zoning: ORN
  • Frontage: Municipal Street
  • Year Built: 1910
  • Approx Sq. Feet: 14,145
  • Acreage: 0.32
  • Est. Taxes: $16,630
  • Lot Desc: Level Lot
  • MLS#: 24150313
  • Website: https://www.raveis.com
    /prop/24150313/93105woodavenue_bridgeport_ct?source=qrflyer
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Listing courtesy of Tower Realty Corp   Phone: (203) 775-5000

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NMLS Mortgage Loan Originator ID 81725

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93-105 Wood Avenue, Bridgeport, CT, 06605

$1,499,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,199,200 $1,199,200 $1,199,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.349% 6.183%
Monthly Tax Payment $1,386 $1,386 $1,386
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,809 $7,384 $10,120
Total Monthly Payment $8,320 $8,895 $11,631

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.