25 SAINT STEPHEN ST BRIDGEPORT CT 06610-3031
Bridgeport 15 Unit Brick, Renovated Multifamily
Marketing description
Baldwin Pearson & Co., Inc. is pleased to exclusively present 25 Saint Stephens Road Bridgeport, CT, a rare multifamily offering in one of Connecticut's most dynamic real estate markets. This brick building located at the very end of Saint Stephens road, offering tenants a unique combination of privacy, neighborhood appeal, and convenient access to employment, transit corridors, and retail destinations. The property consists of 15 residential units comprised of 10 one-bedroom apartments, two-bedroom apartments, and two studios. The unit mix is well positioned for today's rental market where there is continued, strong demand for attainable workford housing, particularly amongst renters seeking smaller units. Ownership has completed extensive interior and exterior capital improvements, resulting in a well-maintained, turnkey asset with minimal deferred maintenance and separately metered utilities throughout.
Investment highlights
- Attractive Unit Composition: Fifteen residential units featuring a tenant-favored mix of primarily one-bedroom apartments, supplemented by two-bedroom and studio units, catering to a broad renter demographic and supporting strong occupancy levels.
- Separately Metered Utilities: Individually metered units provide operational efficiency and reduced landlord expense exposure.
- Prime Location Near Major Employers & Amenities: The property is situated in the coveted North End, with easy access to highways, shopping, restaurants, and downtown, making it desirable to a variety of tenant profiles.
- Significant Recent Capital Improvements: Ownership has recently invested substantial capital into both interior and exterior renovations, including apartment upgrades, common area enhancements, exterior cosmetic improvements, and roofing work.
- 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 additional portfolio opportunities.
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