49 White Street Bridgeport, CT 06610
Value-Add Investors, this cash-flowing 6-unit building is a MUST-have for your portfolio! Well-maintained and located walking distance from Bridgeport Hospital, you will walk into this investment at an 8.75% cap rate and still have upside to increase your cash flow. The property consists of all 1 bedroom units, most of which have been updated in the last few years. Minimal renovations are needed for this investment to run at a 10% cap rate once fully stabilized. Full basement with laundry accessible from the first floor. With on-street parking the current option for tenants, a savvy investor may want to turn the spacious backyard into a parking lot, providing additional spots for tenants and creating additional income for the new landlord. With this deal, you can advantage of the rising rental demand in Bridgeport, and own a valuable asset in one of Connecticut's hottest investment markets.
- Property TypeMulti-Family
- NeighborhoodMill Hill
- CountyFairfield
- Taxes$8,027
- HOA/Condo/Coop Fees$0
- Days on Site158 Days
- MLS StatusActive Under Contract
- MLS ID Number170614995
- Home Size Source Public Records
- Year Built1907
- Lot Size0.13 Acres
- Full Baths6
- Partial BathsN/A
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General Features
- Construction Vinyl Siding
- Parking On Street Parking
- Sewer Public Sewer
- Basement Full
- Acreage 0.13
- Water Public
- Property Sub Type Multi Family
- Garage Spaces 0
- Foundation Concrete Perimeter
- Zoning RC
Interior Features
- Cooling Ceiling Fans
- Heating Gas In StreetHot Water
- Laundry Features Common Laundry AreaBasement
Exterior Features
- Roof Asphalt
- Spa No
- Waterfront Property No
- Waterfront Features Not Applicable
- Exterior Porch
- Lot N/ A
- Patio And Porch Porch