343 PEARL ST # 345 BRIDGEPORT CT 06608
Renovated Bridgeport 6 Family Apartment Building!!
Marketing description
Baldwin Pearson & Co., Inc. is pleased to exclusively present 343 Pearl Street, Bridgeport, Connecticut, a compelling multifamily investment opportunity located in one of Connecticut’s strongest rental markets. Situated on a well-maintained residential block just off Boston Avenue in Bridgeport’s rapidly improving East Side neighborhood, the property consists of a renovated apartment building featuring six renovated 2 bedroom apartments. Benefiting from strong rental demand, ongoing neighborhood investment, and convenient access to major transportation routes, employment centers, retail amenities, and public transit, 343 Pearl Street is well-positioned for long-term occupancy and rent growth, making it an attractive acquisition for investors seeking both current yield and appreciation potential.
Investment highlights
- Turnkey Multifamily Asset: Well-maintained apartment building with comprehensive renovations completed throughout the property, minimizing near-term capital expenditure requirements and providing investors with a stabilized, low-maintenance asset.
- Additional Income Potential: Exceptional value-add opportunity for a new owner to maximize rental income through higher Section 8 voucher rates for two-bedroom apartments, a unit type that continues to experience strong demand in the area.
- Renovated Interior and Exterior: Extensive interior and exterior upgrades position the property to attract and retain quality tenants while supporting long-term rental growth and operational efficiency.
- Strong Bridgeport Market Fundamentals: Located within one of Connecticut’s largest rental markets, offering investors exposure to a diverse employment base, ongoing economic development, and sustained demand for quality workforce housing.
- Excellent Rental Location: Conveniently located near downtown Bridgeport, transportation corridors, employment centers, retail amenities, healthcare facilities, and higher education institutions.
- Portfolio Opportunity: This property may be acquired individually or as part of a larger portfolio of similar multifamily assets. Contact the broker for additional information regarding available portfolio opportunities.
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