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73 Orange Street, Bridgeport, CT, 06607 | $599,900

PRICE REDUCED - If you're looking for a great opportunity to maximize monthly cash flow while reducing upfront expenses, this property deserves your attention. This sizeable 3-unit multifamily is conveniently located near I-95 and Metro North stations, offering excellent commuter access. With major updates already completed, the property offers an excellent combination of immediate functionality, reduced maintenance concerns, and future upside potential. Units 1 and 2 each feature 2 B/R's with updated kitchens, spacious layouts, tall ceilings, and an open feel that tenants and owner-occupants alike will appreciate. Unit 3 offers 1 B/R with abundant natural light and a new bathroom vanity. Significant capital improvements have already been completed, including 3 brand new water heaters and a newly installed sewer line in the basement - major updates that help provide added peace of mind for the next owner. Outside you'll find a level yard, oversized driveway, and detached 2-car garage, adding even more convenience and rental appeal. Whether you're an investor searching for strong income with potential to increase rents over time, or an owner-occupant looking to live in one unit while offsetting your mortgage with rental income, this could be a tremendous opportunity!

Features

  • Rooms: 11
  • Bedrooms: 5
  • Baths: 3 full
  • Units: 3
  • Laundry: Basement Hook-Up(s)
  • Style: Units on different Floors
  • Year Built: 1897
  • Garage: 2-car Detached Garage
  • Heating: Hot Water
  • Cooling: Window Unit
  • Basement: Full,Unfinished,Interior Access
  • Above Grade Approx. Sq. Feet: 2,446
  • Acreage: 0.09
  • Est. Taxes: $7,044
  • Lot Desc: Level Lot
  • Elem. School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Per Board of Ed
  • MLS#: 24149706
  • Website: https://www.raveis.com
    /prop/24149706/73orangestreet_bridgeport_ct?source=qrflyer
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William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

To-Dao CaseyLuxury Properties Specialist

917.446.9445

Todao.Casey@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Brian ShahwanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2166562

302.293.7433

Brian.Shahwan@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Jennifer HartRegional Sales Manager, William Raveis Insurance

978.457.6220

Jennifer.Hart@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

Ray CashenPresident, William Raveis Attorney Network

203.925.4590

For homebuyers and sellers, our Attorney Network:

  • Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
    requirements, sets up escrows and title insurance, coordinates closing documents
  • Offers one-stop shopping; to satisfy closing, title, and insurance needs in a single consolidated experience
  • Offers access to experienced closing attorneys at competitive rates
  • Streamlines the process as a direct result of the established synergies among the William Raveis Family of Companies

73 Orange Street, Bridgeport, CT, 06607

$599,900

To-Dao Casey

Luxury Properties Specialist

William Raveis Real Estate

Phone: 917.446.9445

Todao.Casey@raveis.com

Brian Shahwan

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 302.293.7433

Brian.Shahwan@raveis.com

NMLS Mortgage Loan Originator ID 2166562

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
 15 Year
Fixed-Rate Conforming
Loan Amount $479,920 $479,920 $479,920
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.512% 5.866%
Monthly Tax Payment $587 $587 $587
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,874 $2,994 $3,953
Total Monthly Payment $3,553 $3,673 $4,632

* 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.

Equal Housing Lender

William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
CT Mortgage Correspondent Lender License 15524