Listed By Alpha Capital Realty, LLC, Micah Bailey
49 WHITE ST Bridgeport, CT 06610
$724,900
6
Bedrooms
6
Total Baths
6
Full Baths
3,600
Square Feet
0.13
Acres
1907
Year Built
Active Under Contract
Status
MLS#
170614995
Value-Add Investors, this cash-flowing 6-unit building is a MUST-have for your portfolio! Well-maintained and located walking distance from Bridgeport Hospital, you will walk into this investment at an 8.75% cap rate and still have upside to increase your cash flow. The property consists of all 1 bedroom units, most of which have been updated in the last few years. Minimal renovations are needed for this investment to run at a 10% cap rate once fully stabilized. Full basement with laundry accessible from the first floor. With on-street parking the current option for tenants, a savvy investor may want to turn the spacious backyard into a parking lot, providing additional spots for tenants and creating additional income for the new landlord. With this deal, you can advantage of the rising rental demand in Bridgeport, and own a valuable asset in one of Connecticut's hottest investment markets.
Details for 49 WHITE ST
*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Listing Office Alpha Capital Realty, LLC, (203) 347-4757
MLS# 170614995
Updated 8:00AM - 4/19/2024
Listing Agent Micah Bailey
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