5
See all 5 photos
$1,050,000
Est. payment /mo
14 Beds
6 Baths
5,059 SqFt
New
37 Austin Street Bridgeport, CT 06604
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Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 5,059 sqft
Price per Sqft $207
MLS Listing ID 24220488
Style Units are Side-by-Side
Bedrooms 14
Full Baths 6
Year Built 1950
Annual Tax Amount $10,350
Lot Size 5,227 Sqft
Property Sub-Type 5 Family+
Property Description
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.
Location
State CT
County Fairfield
Zoning MUP
Rooms
Basement Full
Interior
Heating Hot Water
Cooling Window Unit
Exterior
Waterfront Description Walk to Water
Roof Type Shingle
Building
Lot Description City Views, Level Lot
Foundation Brick
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Daniel Shawah • Baldwin Pearson & Co., Inc
NEARBY SCHOOL & BUSINESS
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