Park Avenue- Student Housing FOR SALE


Bridgeport, CT - South End
$1,575,000 USD
203-517-5023
, Bridgeport, CT for Sale
$1,575,000 USD
FOR SALE
1/24
null | 8.53% Cap Rate

Park Avenue- Student Housing
Bridgeport, CT
South End


HIGHLIGHTS

  • One Block from University of Bridgeport
  • Fully Leased with Long Term Tenants

OVERVIEW

Portfolio consists of 3 two family homes adjacent to each other one block from University of Bridgeport. The properties are being sold as a package with long term tenants in place. Tenants pay utilities. Each property brings in approx $4700/month income. Rents are slightly below market. Each property has a sewer/ water expense of approx $2400/year. Each property has insurance policy costing $2500/year. 357-359 Park Avenue has a newer roof, 2 car garage. 337-339 and 343-345 Park Avenue have newer HVAC systems. The properties are out of the flood zone. Taxes for the 3 properties total $20,231.

ASK ABOUT THIS PROPERTY

Jennifer Lynne LaricciaColdwell Banker Commercial RealtyMore Info
203-517-5023

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Jennifer Lynne LaricciaColdwell Banker Commercial RealtyMore Info
203-517-5023

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