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210 Tremont Avenue, Bridgeport, CT 06606

6 Bed, 6 Bath Multi-Family Home For Sale

210 Tremont Avenue, Bridgeport, CT 06606 House For Sale - MLS #H99193902
Off the Market
$552,500
6
6
Multi-Family
5+ Family
6
This listing is courtesy of Coldwell Banker Residential Brokerage

Property Description for 210 Tremont Avenue, Bridgeport, CT 06606

Earn nearly $50,000 per year, after expenses on this 6 UNIT, multi-family. BRICK building is a great investment opportunity with a cap rate of 8.79% at CURRENT asking price. Rents are low for this area. Units feature, 1 Large Bedroom, Large LR/DR, Kitchen and Full Bath w/several closets. 6 SEPARATE meters in meter room, owner/property manager/maintenance room in rear of building. All units are in good condition, most updated within last 2 years. Potential gross income of $79,200 annually. Local market pricing on 3 room, 1 BR units on the same street, lease for $1100 per month, which could produce a CAP rate of 11.3% if you turn over tenants. Roof done in 2008 (Just 9 yrs ago), parking lot for 8 cars. ONE Vacancy on first floor space. That unit now has new carpeting and is ready to lease out. Great property for an owner occupant who wants to live rent free by collecting rent to cover all expenses with $$ left over! PLEASE ONLY SEND FULL OFFERS OF AT OR ABOVE FULL ASKING PRICE. MY CLIENT HAS AUTHORIZED ME TO SELL THIS PROPERTY FOR THIS PRICE ONLY. ANY LOWER OFFERS WILL NOT BE ACCEPTED. PLEASE DO NOT WASTE YOUR TIME OR MINE PRESENTING ANY OFFER BELOW CURRENT REDUCED FINAL ASKING PRICE OF $552,500.

Interior Details

4,480 sq. ft.
$123.33/sq. ft.
Public Sewer
Public Water

Exterior Details

0.20 acres
8,712 sq. ft.
8 Garage Spaces
Off Street Parking; Parking Lot; Paved
Brick; Concrete
Masonry

Other Details

H99193902
1966
Golf Course; Health Club; Medical Facilities; Park; Library; Public Transportation; Shopping/Mall
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(20%)

Monthly Mortgage Payments

$2,510
$3,495

Town Description

Bridgeport is the most populous city in the U.S. state of Connecticut. Located in Fairfield County, the city had an estimated population of 137,912 in 2006 and is the core of the Greater Bridgeport...

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