1191-1209 E Main Street
Bridgeport CT 06608
Property Profile
$750,000
1191-1209 E Main Street | Bridgeport | CT | 06608
- Units: 10
- Price/Unit: $ 75,000
- Square Feet: 9,760 SF
- Price/Square Foot: $ 77
- Year Built: 1920
- Cap Rate: 10.21%
Property
The mixed-use property located at 1191-1209 E Main Street, Bridgeport CT is comprised of 10 units (5 apartments and 5 retail) in one-2 story, 9,760 SF building built in 1920. Situated on a 0.13 acre site in the “East Side” neighborhood of Bridgeport, there was a small alley in the rear of the building used as a secondary entrance. Tenants pay for the heat and hot water at the property.
Strategy
The owner was looking to dispose of the property by the end of 2022. Listing Broker, Matthew Cawley of National Multifamily was able to put together a complete marketing and due diligence package so that the appropriate buyer could be procured and feel secure in a quick purchase.
Result
Listing Broker, Matthew Cawley was able to procure an all-cash, as-is offer that would allow for a closing before the Owner relocated at the end of 2022. The buyer was satisfied with all due diligence materials received even before a contract was signed. The deal was closed on December 27th, 2022.
