10% CAP at ENTRY!!! Just off Barnum Avenue and less than one block away from Washington Park in the middle of Bridgeport's East Side neighborhood. The property features 7 rental units, tenant paid Heat and Electric and off street parking. Consisting of (1) 5 bedroom, (2) 3 bedrooms, (3) 2 bedrooms and a 1 bedroom. There are some very strong rents in place, with full market rents yielding a 21% ROI. Should be noted that all metrics above assume a fully discounted underwrite with 15% allocated to vacancy, maintenance and management. So all figures are conservative in nature. Don't wait, this won't last.
Features
18 bedrooms
8 bathrooms
5888 sq. ft. floor area
crop_free0.14 ac. lot size
cottageMulti-Family
Property history for 34 Park Street
2020
Sold
$420,000
30 Oct 2020 by James Montanaro, of Coldwell Banker Realty
Happy sellers in Bridgeport
87%
sentiment_very_satisfied
87% of sellers in Bridgeport reported that their sale price either exceeded or met their price expectations.
Bridgeport stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.
This is based on voluntary sentiment collected from 3 reviews in Bridgeport over the last 12 months.
Local market activity for 18 bedroom multi families in Bridgeport
Sold
For Sale
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