233 Alex St, Bridgeport, CT 06607

Multiple Family / 7 Bedroom(s) / 3 Bath(s)

Property Status: Available |  For Sale: $385,000.00


Property Photos


Bridgeport 3 family - Cashflowing 3 family, completely renovated in 2017.


Property Status:
This Property is currently...
  • Status: Available
  • For Sale: $385,000.00
Property Details:
Multiple Family / 7 BR / 3 BA
Property Style:
Tri-Plex
Finished Sq Ft:
2,895
Garage:
1 Car Detached
Basement:
Unfinished Basement
Owner / Agent:
Owner / Agent
Property Features:
Deck
Patio
Porch
Fenced Yard
Sun Room
Contact Info
Self
(203) 913-9995

View on Individual's Website
Property Description:
Cash flowing 3 family completely renovated in 2017. Property is fully rented with long term tenants. Property has a 1 car detached garage and a driveway. All units have separate utilities (gas/electric meters). Has a large open unfinished basement for storage and future laundry units if needed.


Pictures: mega.nz/folder/9XdD2CCT#6E2RdqlW3X9G2lic6XtVJA/folder/oTs0RC7R
1st Fl virtual tour: m.youtube.com/shorts/WoRYXB0Shu0
3rd Fl virtual tour: m.youtube.com/watch?v=zR9vMK8Eme0


Renovations include:
- Full electrical throughout replaced to current NEC and building codes
- New plumbing
- 3 new Navien high efficiency boilers with instant hot water
- New windows
- New laminate flooring in some areas
- Refinished hardwood floors in some areas
- Bathrooms x3
- Kitchens x3
- New appliances (stove/ovens, refrigerators, microwaves)
- Repaired detached garage
- Paint
- Miscellaneous cosmetic and repairs.


Rent roll: $3800 per month total ($45,600 yearly)
- 1st Fl: $1450
- 2nd Fl: $1300
- 3rd Fl: $1050
100% rented, no current vacancies

Expenses:
- Tax: $736.30/month ($8835.56/year for 2021)
- Insurance: $312.75/month ($3753/year for current policy)
- Water: $138.20/month ($1658.40 for 2021 payments)
- WPCA: $114/month ($1368 for 2021 payments)
- House electric: $86.93/month ($1043.21 for 2021 payments)


Yearly NOI: $28,941.83

7.5 CAP Rate at $385,000 purchase



COMPS

582-584 Connecticut Avenue, Bridgeport, CT 06607
Distance from subject property: 0.5 miles
3 family – 2/1 – 2/1 – 2/1 – (6/3 total)
Living SF: 2788 sf
Closed: 07/14/2022 List Price: $429,000 Closed Price: $426,000
Active to Under Contract: 5 days
Notes: Similar size, renovations, and condition as subject property. This property is on a busier street than the subject property.


493-495 Carroll Avenue, Bridgeport, CT 06607
Distance from subject property: 0.3 miles
3 family – 2/1 – 2/1 – 2/1 – (6/3 total)
Living SF: 2465 sf
Closed: 11/02/2021 List Price: $399,900 Closed Price: $400,000
Active to Under Contract: 2 days
Notes: Similar size, renovations, and condition as subject property


273-277 Wilmot Avenue, Bridgeport, CT 06607
Distance from subject property: 0.2 miles
3 family – 3/1 – 2/1 – 2/1 – (7/3 total)
Living SF: 3476 sf
Closed: 07/30/2021 List Price: $350,000 Closed Price: $400,000
Active to Under Contract: 10 days
Notes: Similar size, not as renovated as subject property.

Legal Disclaimer:
CT Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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