About 49 White Street
Value-Add Investors, this cash-flowing 6-unit building is a MUST-have for your portfolio! Well-maintained and located walking distance from Bridgeport Hospital, you will walk into this investment at an 8.75% cap rate and still have upside to increase your cash flow. The property consists of all 1 bedroom units, most of which have been updated in the last few years. Minimal renovations are needed for this investment to run at a 10% cap rate once fully stabilized. Full basement with laundry accessible from the first floor. With on-street parking the current option for tenants, a savvy investor may want to turn the spacious backyard into a parking lot, providing additional spots for tenants and creating additional income for the new landlord. With this deal, you can advantage of the rising rental demand in Bridgeport, and own a valuable asset in one of Connecticut's hottest investment markets.
Features of 49 White Street
| MLS® # | 170614995 |
|---|---|
| Price | $724,900 |
| Bedrooms | 6 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 3,600 |
| Acres | 0.13 |
| Year Built | 1907 |
| Type | Multi-Family For Sale |
| Sub-Type | 5 Family+ |
| Status | Under Contract - Continue to Show |
Community Information
| Address | 49 White Street |
|---|---|
| Area | Mill Hill |
| City | Bridgeport |
| County | Fairfield |
| State | CT |
| Zip Code | 06610 |
Amenities
| Parking | On Street Parking |
|---|---|
| Is Waterfront | No |
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Heating | Hot Water, Gas In Street |
|---|---|
| Cooling | Ceiling Fans |
| Fireplace | No |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Exterior Features | Porch |
| Lot Description | N/A |
| Roof | Asphalt Shingle |
| Foundation | Concrete |
School Information
| Elementary | Dunbar |
|---|---|
| High | Warren Harding |
Additional Information
| Date Listed | December 14th, 2023 |
|---|---|
| Days on Market | 142 |
| Zoning | RC |
| RE / Bank Owned | No |
Listing Details
| Office | Alpha Capital Realty, LLC |
|---|