Welcome to 37 39 Austin Street, Bridgeport, Connecticut, an attractive five unit multifamily investment opportunity offering strong in place cash flow and an impressive day one return.
37 Austin
Bridgeport, CT 06604
Listing
| Web ID: | 5848093 |
|---|---|
| Website: | https://www.nestseekers.com/5848093 |
Property
| Ownership: | Multi-Family |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | 14 BR |
| Bathrooms: | 6 |
| Area: | 5059 sq ft |
Financials
Price:$1,050,000
Annual Taxes:$10,350
Description
Welcome to 37-39 Austin Street, Bridgeport, Connecticut, an attractive five-unit multifamily investment opportunity offering strong in-place cash flow and an impressive day-one return. Ideally situated in Bridgeport's desirable South Side neighborhood, this income-producing property presents investors with the opportunity to acquire a fully occupied residential asset with immediate cash flow and minimal operational complexity. The property consists of five residential units, including four well-proportioned two-bedroom apartments and one exceptionally large six-bedroom unit. This diverse unit mix provides appeal to a broad range of tenants, while the oversized six-bedroom apartment offers a unique opportunity within the local rental market. The building is fully occupied, providing an established income stream from day one and eliminating the need for an initial lease-up period. Additionally, all utilities are separately metered, with tenants responsible for their own utility expenses, helping to minimize owner operating costs and enhance the property's overall net operating income.
Amenities
- Elementary School - Per Board of Ed
- High School - Per Board of Ed
- Intermediate School -
- Window Unit
Contact
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Phone: +1 203-204-9555
Listing Courtesy of Daniel Shawah of Baldwin Pearson & Co., Inc