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1795 North Ave - 1795 North Avenue Bridgeport, CT 15 Unit Apartment Building Offered at $2,899,999 at a 7.41% Cap Rate Bridgeport, CT 06604
Investment Highlights
- Excellent North End Location
- Building is in excellent interior and exterior condition
- All tenant paid utilities
- High demand unit mix
Executive Summary
Baldwin Pearson & Co., Inc. is pleased to exclusively present 1795 North Avenue, a rare multifamily offering in one of Connecticut's most dynamic real estate markets. This corner brick building commands a highly visible presence at the intersection of heavily trafficked Park Avenue and North Avenue in Bridgeport's North End, featuring 15 residential units comprised of 14 one-bedroom apartments and 1 studio. The unit mix is perfect for today's rental market where smaller unit demand continues to outpace supply. With strong day-one returns already in place, no deferred maintenance, extensive interior and exterior upgrades, and completely separately metered utilities, 1794 North Avenue represents an outstanding opportunity to acquire a highly occupied multifamily asset in excellent condition in a market supported by major employment anchors and limited new supply.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 550 |
| Studios | 1 | - | 450 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
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1795 North Ave - 1795 North Avenue Bridgeport, CT