675 Central Ave - Apartments FOR SALE
Bridgeport, CT 06607 |
675 Central Ave
Bridgeport, CT 06607
HIGHLIGHTS
- Recent capital improvements include updated unit interiors, updated mechanicals, new parking lots, landscaping & fencing
- Below-market rents – opportunity to increase rents $168/month organically through renewals and new leases
- All units are two story townhomes
- Opportunity to increase revenue $70,000+/year by bringing rents to achieved market levels without capital improvements
- Immediate scale in one of Connecticut’s best rental markets – 2.0% submarket vacancy rate and 7.0% 12 month market rent growth *CoStar
- Tremendous access to various modes of transit – within two miles of Metro North Train Station, Bridgeport Ferry to Port Jefferson, and Interstate 95
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
The Villas at Central
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
42436
STORIES
2
YEAR BUILT
1969
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
BRID-000624-000024A
