Property Description

Value-Add Investors, your portfolio will thank you! 49 White Street is an incredible 6-unit investment property that presents an excellent opportunity for value-add investors seeking to maximize their returns. Situated in a desirable location right by Bridgeport Hospital, this well-maintained building offers one-bedroom apartments and holds immense potential for rental income growth. Entering the deal at a 6% cap rate with under market rents, you can increase your cash flow and force tons of appreciation by making minimal cosmetic renovations, significantly raising rents to market and stabilizing over an 8 CAP! This prime location ensures a steady demand for rental units. Don’t miss out on this investment property that is a sure win for your rental portfolio. Schedule a showing today!

Features

Heating System:: Hot Water
Cooling System:: Window Unit
Parking:: On Street Parking
Foundation Type:: Concrete
Heat Fuel Type:: Gas In Street
Fireplaces Total:: 0
Parking Total Spaces:: 0
Location:: Suburban
Lot Description:: Not Applicable
Water Source:: Public Water In Street

Address Map

Street:: White
Street Number:: 49
Street Suffix:: Street
Floor Number:: 0
Longitude:: W74° 49′ 50.3”
Latitude:: N41° 11′ 15.7”

MLS Addon

Office Name:: Alpha Capital Realty, LLC
Agent Name:: Micah Bailey
Matrix Modified DT:: 17/09/2023 16:20:54
List Agent MLSID:: 851101
List Agent MUI:: 129383321
List Office MUI:: 129382773
List Office MLSID:: 13577
Tax Year:: July 2023-June 2024
Directions:: From Boston Ave, take Seaview Ave then left on Grant and right on White Street. rnFrom I-95 take Seaview Ave to Huron Street, take a right then a left on White Street.
HOA Fee Amount:: $0
HOA Fee Frequency:: Other
HOAYN:: 1
Parcel Number:: 26016
Pets Allowed YNA:: Yes
Property Tax:: $8,027
Zoning:: RC