16 Unit Bridgeport, CT Portfolio

16 Unit Portfolio | Bridgeport | CT | 06610 Back to Properties


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Overview

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Property Details

  • Price: $ 1,600,000
  • Cap Rate: 4.12%
  • Units: 16
  • Price/Unit: $ 100,000
  • Rentable SF: 10,310 SF
  • Price/Square Foot: $ 155
  • Site Size: .71 AC

Property Description

National Multifamily is pleased to present a 16-unit multifamily portfolio located in Bridgeport, CT. The 7-parcel contiguous portfolio totaling 0.71 acres was pieced together over the past 27 years. The properties consist of 3 single families, 2-two families, 1-four unit, and 1-five unit building.

Located in North Bridgeport, the portfolio includes:

332 Palisade Avenue: A single family (3 BR/1 BA) with a new steam boiler installed in 2024 and a one car garage.

330 Palisade Avenue: A two family (1st Floor: 2 BR/2 BA & 2nd Floor: 1 BR/1 BA) with a two-car garage.  Two separate FHA boilers that are 6 years old and individual electric meters.

25 Granfield Avenue: A single family (2 BR/1 BA) with a new roof and an 11-year-old FHA boiler.

33-35 Granfield Avenue: Five-unit building (all studios) with a new roof and a new boiler installed in October 2024.  There is one electric meter for the building.

37-39 Granfield Ave: A two family (1st Floor: 1 BR/1 BA & 2nd Floor: Large Studio) with two separate boilers installed in April 2024 and individual electric meters.

43-45 Granfield Avenue: Four-unit building (all studios) with a five-year-old roof. There is one boiler and one electric meter for the building.

57 Granfield Avenue: A single family (3 BR/1 BA) with a two-car garage.

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Financial Summary

16 Unit Bridgeport, CT Portfolio

Investment Highlights

Price $ 1,600,000.00
Units 16

Metrics

Price / Unit $ 100,000.00
Price / SF $ 155.19
Gross Rent Multiplier 0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses $ 0.00 $ 0.00
Net Operating Income $ 0.00 $ 0.00
Cap Rate 0.00 % est. 0.00 % est.

All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions, prior to sale or lease, or withdrawal without notice. National Multifamily Corp. makes no warranty or representation about the content of this brochure. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property.

 

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

* 0 = Studio under BR

All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions, prior to sale or lease, or withdrawal without notice. National Multifamily Corp. makes no warranty or representation about the content of this brochure. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property.