37 Austin St

Bridgeport CT 06604

5059 sq. ft.

0.12 ac.

Multi-Family

Currently for sale - view listing

Overview

Welcome to 37-39 Austin Street, Bridgeport, Connecticut, an attractive five-unit multifamily investment opportunity offering strong in-place cash flow and an impressive day-one return. Ideally situated in Bridgeport's desirable South Side neighborhood, this income-producing property presents investors with the opportunity to acquire a fully occupied residential asset with immediate cash flow and minimal operational complexity. The property consists of five residential units, including four well-proportioned two-bedroom apartments and one exceptionally large six-bedroom unit. This diverse unit mix provides appeal to a broad range of tenants, while the oversized six-bedroom apartment offers a unique opportunity within the local rental market. The building is fully occupied, providing an established income stream from day one and eliminating the need for an initial lease-up period. Additionally, all utilities are separately metered, with tenants responsible for their own utility expenses, helping to minimize owner operating costs and enhance the property's overall net operating income. Located in Bridgeport's South Side, 37-39 Austin Street benefits from its position within an established residential neighborhood with access to the city's surrounding amenities, employment centers, and transportation infrastructure. The property's five-unit configuration and fully occupied status make it an appealing opportunity for investors seeking stable, immediate cash flow.

Features

14 bedrooms

6 bathrooms

5059 sq. ft. floor area

0.12 ac. lot size

Multi-Family

Property history for 37 Austin St

2021

Sold

$360,000

30 Apr 2021 by Thomas Chanaca, of Chanaca Real Estate

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