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343-345 Park Ave
Bridgeport, CT 06604
Park Avenue- Student Housing · Property For Sale · 9,446 SF Total

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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.

PROPERTY FACTS

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 -
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  • Listing ID: 33129794

  • Date on Market: 9/10/2024

  • Last Updated:

  • Address:

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