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Investor opportunity in Bridgeport's desirable North End. Two-family on an oversized, level lot with a long driveway for several cars, positioned in one of Fairfield County's last affordable entry points as the city steps into a new chapter of growth. Brand new roof May 2026. Both units are 2 bed, 1 bath with gas utilities. First floor is the larger unit with hardwood floors, spacious bedrooms, and an eat-in kitchen. Upstairs unit includes a rear porch with potential to be reimagined as a 3 season sunroom. Basement offers storage. The biggest opportunity is the oversized two-car garage with unfinished loft above, which is currently rented providing additional income. Multiple paths to force appreciation: finish the loft into a studio efficiency, or convert the full structure into a 2-3 bedroom ADU, potentially providing an additional $2, 000-$2, 800/mo (buyer to perform due diligence with the City). Current rents sit under market, with lots of room for growth. Bridgeport is having a moment, with major momentum from Steelpointe Harbor redevelopment, downtown revitalization, Total Mortgage Arena, and infrastructure investment reshaping the landscape. Rental demand driven by NYC commuter access via Metro-North, the Port Jefferson ferry to Long Island, student housing demand from Sacred Heart University and the University of Bridgeport, and travel nurse demand from Bridgeport Hospital and St. Vincent's Medical Center. Don't miss your opportunity.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $447,920 | $447,920 | $447,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $668 | $668 | $668 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,683 | $2,828 | $3,720 |
| Total Monthly Payment | $3,443 | $3,588 | $4,480 |
* 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.