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