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Park Avenue- Student Housing 3 Multifamily Properties Offered at $1,575,000 in Bridgeport, CT

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INVESTMENT HIGHLIGHTS

One Block from University of Bridgeport

Fully Leased with Long Term Tenants

EXECUTIVE SUMMARY

Portfolio consists of 3 two family homes adjacent to each other one block from University of Bridgeport. The properties are being sold as a package with long term tenants in place. Tenants pay utilities. Each property brings in approx $4700/month income. Rents are slightly below market. Each property has a sewer/ water expense of approx $2400/year. Each property has insurance policy costing $2500/year. 357-359 Park Avenue has a newer roof, 2 car garage. 337-339 and 343-345 Park Avenue have newer HVAC systems. The properties are out of the flood zone. Taxes for the 3 properties total $20,231.

Vision Government Solutions 357 Park

Vision Government Solutions 343 Park

Vision Government Solutions 337 Park Ave

TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access	ANNUAL
Gross Rental Income	$99,999
Other Income	-
Vacancy Loss	-
Effective Gross Income	$99,999
Taxes	$99,999
Operating Expenses	$99,999
Total Expenses	$99,999
Net Operating Income	$99,999

TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999

Other Income
Annual	-

Vacancy Loss
Annual	-

Effective Gross Income
Annual	$99,999

Taxes
Annual	$99,999

Operating Expenses
Annual	$99,999

Total Expenses
Annual	$99,999

Net Operating Income
Annual	$99,999

PROPERTY FACTS

Price	$1,575,000	Status	Active
Price / SF	$166.74 / SF	Number of Properties	3
Sale Conditions	1031 Exchange Bulk/Portfolio Sale	Individually For Sale	0
Cap Rate	8.53%	Total Building Size	9,446 SF
Sale Type	Investment or Owner User	Total Land Area	0.24 AC

Price	$1,575,000
Price / SF	$166.74 / SF
Sale Conditions	1031 Exchange Bulk/Portfolio Sale
Cap Rate	8.53%
Sale Type	Investment or Owner User
Status	Active
Number of Properties	3
Individually For Sale	0
Total Building Size	9,446 SF
Total Land Area	0.24 AC

PROPERTIES

PROPERTY NAME / ADDRESS	PROPERTY TYPE	SIZE	YEAR BUILT	INDIVIDUAL PRICE
337-339 Park Ave, Bridgeport, CT 06604	Multifamily	3,174 SF	1903	-
343-345 Park Ave, Bridgeport, CT 06604	Multifamily	3,149 SF	1909	-
357-359 Park Ave, Bridgeport, CT 06604	Multifamily	3,123 SF	1909	-