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97 Lee Avenue, Bridgeport, CT

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97 Lee Avenue

Bridgeport, CT 06605-1540 - West End-West Side MF Submarket


Property Type:Multi-Family Number of Units:8 Status:Existing Year Built:1901
Stories:2 Building Size:14,274 SF Land Area:.29 AC (12,632 SF)
For Sale Price:$600,000 Price/Unit:$75,000.00 Cap Rate:12.90 % GRM:-

Parking:-


STRONG CASH FLOW on 8 Unit Multi-family Package - Price of $600,000 is for a 3 property Package that includes a total of 8 Units:
#1. 97 Lee Ave, Bridgeport - 4 units: 2- 3Bed & 1 Bath Flats on first floor and 2- 5Bed & 2 Baths on 2nd floor Townhouse style. New Electric in one unit. Separate Tenant paid Electric and Gas Heat.

#2. 72 Lee Ave,Bridgeport - 2 units: 3-Bed 1 Bath on 1st floor and a 5-Bed 2 Bath, townhouse style on 2nd Floor. New roof & gutters last year. Most windows are newer as of last year; 2 Parking spaces.

#3. 1123 Hancock Ave, Bridgeport - 2 units: 1st floor 3-Bed 1 Bath, 2nd Floor 5-Bed 1.5 Bath. Fully renovated, new carpet, new kitchen, new bath. New Porches in back. New roof & gutters last year. 3 garages for rent (2 are rented now @ $150 each). 1 Section 8 upstairs.
All 3 properties are 100% occupied
12.9% CAP rate and 31.6% ROI
West End of Bridgeport.
Off of I95- Take Fairfield Ave to State St to Lee or Hancock.

Sale Notes:
STRONG CASH FLOW on 8 Unit Multi-family Package - Price of $600,000 is for a 3 property Package that includes a total of 8 Units:
#1. 97 Lee Ave, Bridgeport - 4 units: 2- 3Bed & 1 Bath Flats on first floor and 2- 5Bed & 2 Baths on 2nd floor Townhouse style. New Electric in one unit. Separate Tenant paid Electric and Gas Heat.

#2. 72 Lee Ave,Bridgeport - 2 units: 3-Bed 1 Bath on 1st floor and a 5-Bed 2 Bath, townhouse style on 2nd Floor. New roof & gutters last year. Most windows are newer as of last year; 2 Parking spaces.

#3. 1123 Hancock Ave, Bridgeport - 2 units: 1st floor 3-Bed 1 Bath, 2nd Floor 5-Bed 1.5 Bath. Fully renovated, new carpet, new kitchen, new bath. New Porches in back. New roof & gutters last year. 3 garages for rent (2 are rented now @ $150 each). 1 Section 8 upstairs.
All 3 properties are 100% occupied
12.9% CAP rate and 31.6% ROI

West End of Bridgeport.
Off of I95- Take Fairfield Ave to State St to Lee or Hancock.


Broder Commercial
Sandy Strickling
(860) 638-9748

Sandy Strickling
(860) 638-9748




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