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Exceptional investment opportunity in the heart of Bridgeport! A well-maintained multifamily property offering spacious units, strong rental performance, and outstanding income potential. Each unit features 4 generously sized bedrooms, 1 full bathroom, updated kitchens, updated bathrooms, beautiful hardwood flooring throughout, and the convenience of in-unit laundry hookups, providing the comfort and functionality today's tenants are looking for. The property also includes a finished basement with excellent potential for an in-law setup, extended living space, or additional flexibility, buyer to do due diligence. This is a true income-producing asset, currently generating over $10, 750 in gross monthly rental income, making it an exceptional addition to any investor's portfolio or an ideal opportunity for an owner-occupant looking to offset living expenses with substantial rental revenue. Ideally located on Bridgeport's East Side, the property offers convenient access to I-95, Route 8, and Route 25, providing an easy commute throughout Fairfield County and beyond. Residents are just minutes from Downtown Bridgeport, the Metro-North train station, the Bridgeport Ferry, Seaside Park, shopping centers, grocery stores, restaurants, schools, healthcare facilities, and public transportation. The proximity to the University of Bridgeport, Housatonic Community College, and several major employers further supports consistent rental demand and long-term investment value. Whether you're a seasoned investor looking to expand your portfolio or searching for a high-performing multifamily with exceptional cash flow, 23-27 Bishop Ave offers the perfect combination of space, modern updates, tenant-friendly amenities, a prime location, and proven income potential.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $800,000 | $800,000 | $800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.157% | 6.137% |
| Monthly Tax Payment | $994 | $994 | $994 |
| H/O Insurance Payment | TBD | TBD | TBD |
| Initial Principal & Interest Pmt | $4,542 | $4,796 | $6,697 |
| Total Monthly Payment | $5,628 | $5,790 | $7,691 |
* 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.