340-350 Main St - Apartments FOR SALE


Bridgeport, CT 06604- South End
$1,950,000 USD
203-335-5117
340-350 Main St, Bridgeport, CT for Sale
$1,950,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

340-350 Main St
Bridgeport, CT 06604
South End


HIGHLIGHTS

  • Tremendous value add potential with all nine residential apartments currently rented on month to mont( MTM) terms at well below market rate
  • Excellent sized apartments- all nine units are configured as 850 square foot two bed room units
  • Prime corner brick building walking distance to Seaside Park, Metro North Railroad, Hartford Healthcare Ampitheatre and downtown Bridgeport
  • Solid building mechanicals- heating units, hot water heater, electric panel, and roofing all in great condition
  • Stabilized long standing retail tenants with room to increase the rents

OVERVIEW

Baldwin Pearson & Co., Inc. is excited to present 340-350 Main Street, Bridgeport, CT — an exceptional investment opportunity in one of Connecticut's most dynamic investment markets. This distinguished brick, corner building commands immediate attention, offering a compelling mixed-use asset in Bridgeport's rapidly evolving and expanding South Side. The property features nine generously sized two-bedroom apartments above three fully occupied ground-floor retail units, delivering a rare blend of residential upside and stable commercial income from day one.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$116 USD /SF

# OF UNITS

12

PRICE/UNIT

$162,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

IHI

APN/PARCEL ID

BRID-000515-000006

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.