675 Central Ave | Bridgeport, CT 06607
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- LoopNet Team
675 Central Ave
Bridgeport, CT 06607
The Villas at Central · Multifamily Property For Sale
·
36 Units
INVESTMENT HIGHLIGHTS
- Recent capital improvements include updated unit interiors, updated mechanicals, new parking lots, landscaping & fencing
- All units are two story townhomes
- 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 $168/month organically through renewals and new leases
- Opportunity to increase revenue $70,000+/year by bringing rents to achieved market levels without capital improvements
- 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 | 36 | Lot Size | 1.52 AC |
| Property Type | Multifamily | Building Size | 42,436 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1969 |
| Zoning | RBB | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.52 AC |
| Building Size | 42,436 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | RBB |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 26 | - | 935 |
| 3+1 | 10 | - | 1,035 |
PROPERTY TAXES
| Parcel Number | BRID-000624-000024A | Improvements Assessment | $1,251,180 |
| Land Assessment | $425,600 | Total Assessment | $1,676,780 |
PROPERTY TAXES
Parcel Number
BRID-000624-000024A
Land Assessment
$425,600
Improvements Assessment
$1,251,180
Total Assessment
$1,676,780
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