Listed by Baldwin Pearson & Company
$2,000,000
105 Milne Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,810
Units 10
Cap Rate 3.76%
NOI $75,136
Occupancy 100%
Pro-Forma Cap Rate 7.82%
Pro-Forma NOI $156,344
Price per SqFt $256
Class B
Acreage 0.200
10 Unit Apartment Building in Bridgeport, CT
Marketing description
Baldwin Pearson & Co, Inc. is excited to introduce 105 Milne Street aka 100 Pequonnock Street Bridgeport, CT to the market. This well maintained, brick, apartment building contains 10 efficiently laid out apartments comprised of nine 1 bed room apartments and 1 studio in one of Connecticut’s most rapidly expanding value-add investment markets. 105 Milne is unique occupying a full block with access from both Milne and Pequonnock Street making it an excellent addition for both seasoned and emerging multifamily investors looking to expand their multifamily portfolio in Fairfield County.
Investment highlights
- Brick Construction: Solid masonry building offering durability, reduced maintenance costs, and lasting curb appeal.
- Concentrated Multifamily Scale: Ten units offer meaningful rental income with efficient unit layouts in high demand in the current rental market.
- Value-Add Potential: Opportunity to increase rents, reduce expenses, and implement capital improvements to substantially increase net operating income (NOI).
- Strong Renter Demand: Bridgeport's established and growing renter base provides a large tenant pool to support long term, sustained occupancy.
- Strategic Location: Positioned within “The Hollow”. an accessible Bridgeport neighborhood with proximity to transit, employment, nightlife, and city amenities.
- Excellent Condition: Common areas and grounds of the property are in excellent condition.
Listing Contacts
Listed by Baldwin Pearson & Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,136.00
$6,261.33/mo
Valuation Metrics
0
DSCR
3.76%
Cap Rate
3.76%
ROI
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