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1804-1812 Barnum Ave

5 Unit Block of Flats £1,323,267 (£264,653/Unit) 4.95% Net Initial Yield Bridgeport, CT 06610

Investment Highlights

  • 12 units total. 10 residential units and 2 storefronts. Huge value add through rent increases

Executive Summary

HUGE value add opportunity in well maintained building bordering the Bpt/Stratford line. investors take note to this 12 unit mixed use, 6-1 bedroom units, 4-2 bedroom units and 2 store fronts. 8 of 10 apartments have been updated with modern kitchens, tile baths, and vinyl floors. Vinyl windows throughout. 2 gas boilers, 1 newer. Newer high-efficiency water heaters. Coin operated washer/dryer in common area. Updated 600 Amp electric service. Parking lot in rear. Set just minutes to Bpt and Stratford train stations, restaurants and shopping, and all major highways. Below market rents, lots of potential value add by just raising rents.

Attachments

1804 Barnum Offering - Oct 9 2024 - 10-45 PM

Data Room Click Here to Access

  • Offering Memorandum

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,323,267 Building Class C
Price Per Unit £264,653 Lot Size 0.16 AC
Sale Type Investment Building Size 14,038 SF
Net Initial Yield 4.95% Number of Floors 3
No. Units 5 Year Built 1917
Property Type Residential Parking Ratio 1/1,000 SF
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Low Rise
Price £1,323,267
Price Per Unit £264,653
Sale Type Investment
Net Initial Yield 4.95%
No. Units 5
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 14,038 SF
Number of Floors 3
Year Built 1917
Parking Ratio 1/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Washer/Dryer
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Public Transportation
  • Individual Locking Bedrooms
  • Private Bathroom
  • Walk-Up
  • Smoke Detector
1 of 1
Walk Score ®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number BRID-001837-000043 Total Assessment £402,297
Land Assessment £57,402 Annual Taxes -£1 (£0.00/sf)
Improvements Assessment £344,895 Tax Year 2024

PROPERTY TAXES

Parcel Number
BRID-001837-000043
Land Assessment
£57,402
Improvements Assessment
£344,895
Total Assessment
£402,297
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024

zoning

Zoning Code Commercial (Mixed use residential building)
Commercial (Mixed use residential building)
(203) 268-1118

  • Listing ID: 32983902

  • Date on Market: 28/08/2024

  • Last Updated:

  • Address: 1804-1812 Barnum Ave, Bridgeport, CT 06610

The East End Residential Property at 1804-1812 Barnum Ave, Bridgeport, CT 06610 is currently available. Contact RE/MAX Right Choice for more information.

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1804-1812 Barnum Ave
(203) 268-1118 x

1804-1812 Barnum Ave

Basil Amso

(203) 268-1118

(203) 268-1118

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