1795 North Ave - Multi-Family FOR SALE


Bridgeport, CT 06604- West End-West Side
$2,899,999 USD
203-335-5117
1795 North Ave, Bridgeport, CT for Sale
$2,899,999 USD
Multi-Family - FOR SALE
1/21
null | 7.41% Cap Rate

1795 North Ave
Bridgeport, CT 06604
West End-West Side


HIGHLIGHTS

  • Excellent North End Location
  • All tenant paid utilities
  • Building is in excellent interior and exterior condition
  • High demand unit mix

OVERVIEW

Baldwin Pearson & Co., Inc. is pleased to exclusively present 1795 North Avenue, a rare multifamily offering in one of Connecticut's most dynamic real estate markets. This corner brick building commands a highly visible presence at the intersection of heavily trafficked Park Avenue and North Avenue in Bridgeport's North End, featuring 15 residential units comprised of 14 one-bedroom apartments and 1 studio. The unit mix is perfect for today's rental market where smaller unit demand continues to outpace supply. With strong day-one returns already in place, no deferred maintenance, extensive interior and exterior upgrades, and completely separately metered utilities, 1794 North Avenue represents an outstanding opportunity to acquire a highly occupied multifamily asset in excellent condition in a market supported by major employment anchors and limited new supply.

FOR SALE DETAILS

PRICE

$2,899,999 USD

PRICE/SF

$302 USD /SF

# OF UNITS

15

PRICE/UNIT

$193,333

CAP RATE

7.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1795 North Avenue Bridgeport, CT

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1968

PARKING SPACES

10

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

BRID-001100-000011

ASK ABOUT THIS PROPERTY

Robert ShawahBaldwin Pearson & Company, Inc.More Info
203-335-5117

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Robert ShawahBaldwin Pearson & Company, Inc.More Info
203-335-5117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.