20 Read St | Bridgeport, CT 06607
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- LoopNet Team
20 Read St
Bridgeport, CT 06607
The Villas at Read · Multifamily Property For Sale
·
52 Units
Investment Highlights
- Recent capital improvements include updated unit interiors, updated mechanicals, new parking lots, landscaping & fencing
- 47 of 52 units are two story townhomes – average unit size 1,006 SF
- Immediate scale in one of Connecticut’s best rental markets – 2.0% submarket vacancy rate and 7.0% 12 month market rent growth *CoStar
- Below-market rents – opportunity to increase rents $315/month organically through renewals and new leases without renovation expense
- Opportunity to increase revenue $185,000+/year by bringing rents to achieved market levels
- Tremendous access to various modes of transit – within two miles of Metro North Train Station, Bridgeport Ferry to Port Jefferson, and Interstate 95
Property Facts
| No. Units | 52 | Lot Size | 2.50 AC |
| Property Type | Multifamily | Building Size | 57,330 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1972 |
| Zoning | RBB - Years Built: 1972 & 1990 | ||
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.50 AC |
| Building Size | 57,330 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | RBB - Years Built: 1972 & 1990 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 25 | - | 770 - 900 |
| 3+2 | 3 | - | 1,200 |
| 4+2 | 24 | - | 1,200 |
Property Taxes
| Parcel Number | BRID-000640-000035A | Improvements Assessment | $1,143,930 |
| Land Assessment | $813,120 | Total Assessment | $1,957,050 |
Property Taxes
Parcel Number
BRID-000640-000035A
Land Assessment
$813,120
Improvements Assessment
$1,143,930
Total Assessment
$1,957,050
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