multi family home sold

About the Home

MUST SEE! Great Income-Generating Investment Opportunity! Discover the potential of this exceptional property which comprises two substantial buildings on a double lot (single parcel)—a spacious three-family residence with 5,016 total SF including 3,632 above grade and a detached commercial storefront with a three-car garage totaling 1,792 SF above grade. The three-family building underwent total reconstruction in 2009, featuring new windows, roof, and interior fixtures. Recent upgrades include the installation of 2 new hot water heaters. The commercial store has gone through complete reconstruction and renovation including, roof, electric (220V). Permits available and recorded at Bridgeport building department. Three Family Building Layout: First and Third Floor: Three bedrooms and one bath each Second Floor: Four bedrooms and one bath This property offers a diverse set of rental spaces, contributing to its impressive income potential. The current rent roll is as follows: 1st Floor: $1500/month - Vacant as of February 1st, 2024 2nd Floor: $1600/month - Rented 3rd Floor: $1400/month - Rented Three Garages: $450/month - Vacant Commercial Storefront: $1,350/month - Rented The total gross market monthly rent is an impressive $6,300, making this investment a substantial income generator. With an 80% Loan-to-Value loan, this property offers an exceptional cash-on-cash return of 35% or more. Act now to capitalize on this substantial cash cow investment!