1804-1812 Barnum Ave - Apartments FOR SALE


Bridgeport, CT 06610- East End
$1,549,000 USD
203-268-1118
1804-1812 Barnum Ave, Bridgeport, CT for Sale
$1,549,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

1804-1812 Barnum Ave
Bridgeport, CT 06610
East End


HIGHLIGHTS

  • 12 units total. 10 residential units and 2 storefronts. Huge value add through rent increases

OVERVIEW

HUGE value add opportunity in well maintained building bordering the Bpt/Stratford line. investors take note to this 12 unit mixed use, 6-1 bedroom units, 4-2 bedroom units and 2 store fronts. 8 of 10 apartments have been updated with modern kitchens, tile baths, and vinyl floors. Vinyl windows throughout. 2 gas boilers, 1 newer. Newer high-efficiency water heaters. Coin operated washer/dryer in common area. Updated 600 Amp electric service. Parking lot in rear. Set just minutes to Bpt and Stratford train stations, restaurants and shopping, and all major highways. Below market rents, lots of potential value add by just raising rents. Owner is in the process of emptying most units so new owner can start fresh with new tenants at market rents. Only 3 residential units and 1 storefront will remain.

FOR SALE DETAILS

PRICE

$1,549,000 USD

PRICE/SF

$172 USD /SF

# OF UNITS

12

PRICE/UNIT

$129,083

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1917

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

Commercial

APN/PARCEL ID

BRID-001837-000043

ASK ABOUT THIS PROPERTY

Basil AmsoRE/MAX Right ChoiceMore Info
203-268-1118

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Basil AmsoRE/MAX Right ChoiceMore Info
203-268-1118

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