BP folks -
What are cap rates for multi in Bridgeport? Looking for a range for turn-key and value-add properties.
Also, what are some reasonable expense assumptions (per unit) for Gas, electric, water, sewer and insurance?
Thanks in advance!
Well, to answer my own question....I think we're looking at 8-9%.
Guess everyone is sleep. My question, what Cap rate and type of properties are you looking for? then we can go from there
Looking at Multi.
Ok. Send me a message with your requirements. Price, Cap rate,# of units etc. So I know exactly what you want.
I assume you decided to go in another direction since I didn't hear from you. I wish you well and hope you find what you're looking for
@Paul Bergagna cap rates are around 10% for small multifamilies in Bridgeport Connecticut.
Gas and electric are wildy variable depending on usage. Water and sewer should be about $55 per unit per month.
Insurance depends on coverage, deductible and company.
Would I be wrong to say all that Paul is asking (insurance, water &sewer, gas, electric) is variable? Some investors have a certain cap they want or look for. The property dictates that. 12% may be the only cap they accept. Understanding a person wants saves time anguish and reputations.