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Value- Add Solid Brick Rooming House Opportunity in Bridgeport. New ownership can realize a 10.8%+ Cap Rate through increased occupancy, modest updates, and increasing rents. This property consists of 3 Studio apartments and 12 individual rooms with kitchenette, refrigerator, and closet. The 12 rooms each have shared access to 2 full bathrooms and a full kitchen. Heat is serviced by a central gas fired boiler and baseboards/radiators throughout. Owner pays for gas heat and hot water, electric, and cleaning. Management is willing to stay on with a new owner. Ample off-street parking in back for about 10 cars. Owner is a Real Estate Licensee.
Architectural style | units on different floors |
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New construction | no/resale |
Construction year | 1887 |
Exterior Siding | brick |
Foundation | concrete, stone |
Roof | asphalt shingle |
Current price | $ 450,000 |
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Tax amount | $ 11,715 |
Financing used | cas |
MLS ID | 170585441 |
Listing date: | July 18, 2023 |
Status | closed |
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