Updated over 8 years ago on . Most recent reply
16 Unit Apartment Building Black Rock Bridgeport, CT
Offered for sale is a 16 unit apartment building portfolio consisting of two, eight unit brick buildings in the desireable Black Rock neighborhood of Bridgeport. Purchased and renovated by the current owner back in 2010 these buildings are 100% occupied, fully stabilized and professionally managed. Each unit features 2 bedrooms, kitchen, bath and common living room. All units have separate electric meters with breaker panels in unit. All units have electric baseboard heat with built in thermostats so there are no mechanicals to maintain or pay by owner. Landscaping and exterior maintenance is minimal, mulch refresh in front of building performed annually. Roofs were replaced back in 2010 by previous owner. All rents are below market and approximately 13 out of 16 tenants are month to month. Professional management and financing available.
Offered at an 8% cap
$1,280,000
Qualified investors - please contact me directly for more information.
(203) 610-2867