Main & Federal Apartments

  • Title

    Multifamily Property for Sale

  • City

    Bridgeport, CT

  • Price

    $1,655,000

  • Cap Rate

    7.1

  • Gross Leasable Area

    16,157 SF

  • No. Units

    22

  • Price/SF

    $102.43

  • Price/Unit

    $75,227

  • No. Stories

    3

  • Year Built

    1912

Not found amenities.

The Main & Federal Portfolio is an offering of 4 buildings in the North End of Bridgeport, CT. The portfolio consists of 22 total units: (8) studios, (10) one bedrooms, (1) two bedrooms, (2) three bedrooms and an office. The property has an off street parking lot as well.

The office is leased by Recovery Network of Programs in Bridgeport. It serves as a community center for the complex and includes laundry machines, a kitchenette and offices for staff members. Along with the office, Recovery Network of Programs is responsible for maintaining occupancy in 2 buildings (18 units). The program has a long waiting list for potential tenants and has kept the units consistently occupied. They have expressed interest in using the third building (3 units) as well.

The complex provides a unique opportunity to own a cash flowing asset in Bridgeport, while the occupancy is maintained by a third party program with an on-site presence.

Bridgeport is the largest city in Connecticut and is the fifth most populous in New England. it sits at the mouth of the Pequonnock River on long Island Sound. Manhattan is approximately 60 miles away while the Bronx is approximately 40 miles away, making Bridgeport part of the New York metropolitan area.

Bridgeport, Fairfield County, CT

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