NOT LISTED FOR SALE

Estimated Value: $313,000 - $686,000

12 Beds
4 Baths
4,515 Sq Ft
$106/Sq Ft Est. Value

Last Sold June 28, 2022

Last sale price $499,000 $111 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,706/month

6 Days on Market

Highlights

  • Beach Access
  • Property is near public transit
  • No HOA
  • 0.34 Acre Lot
  • Attic
  • Porch

About This Home

As of June 2022

Attention Investors!! Don't miss this rare opportunity to own this four-family property consisting of two separate buildings, all with three bedroom units. Property is situated on a 0.34 acre lot, with parking for 10+ cars. Two of the units have been updated with new kitchens, bathrooms, and flooring. Two additional units need minor cosmetic updating only. Three of the units heat w/ gas (NEW hot water heaters/boiler/furnace), Fourth unit heats w/ oil. Seller is also including two new central air units that just need to be connected. The exterior has been upgraded w/ maintenance-free vinyl siding and most of the windows have been replaced. Roof was replaced within the last 7 years (Seller will install new gutters prior to close). Each building includes an expansive walk-up attic that can easily be finished to create additional living space/revenue. All current rents are below market-value and can be easily increased to $1,600-$1,800 per month for a much higher return. Located 1/2 mile from the University of Bridgeport and Seaside Park. Perfect commuter location w/ close proximity to all major highways. This property is an awesome investment the way it sits or offers huge potential for a more profitable return. Schedule your showing today! Conventional Financing OR Cash ONLY.

Last Agent to Sell the Property

Jennifer Capozziello

Coldwell Banker Realty License #RES.0781137 Listed on: 04/15/2022

Coldwell Banker Realty

Last Buyer's Agent

Paula Orange

Coldwell Banker Realty License #RES.0807141

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,227

Year Built

  • Built in 1882

Lot Details

  • 0.34 Acre Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 4,515 Sq Ft Home
  • Walkup Attic

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Parking Lot
  • Off-Street Parking

Accessible Home Design

  • Accessible Ramps

Outdoor Features

  • Beach Access
  • Porch

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Radiator
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Additional Features

  • Public Transportation
  • Gross Income $62,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,227

Year Built

Built in 1882

Lot Details

0

Listing Details

  • Neighborhood: West End
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, 4updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 4515
  • Total Sq Ft: 4515
  • Year Built: 1882
  • Nearby Amenities: Library, Medical Facilities, Park, Playground/Tot Lot, Private School(s), Public Transportation, Walk to Bus Lines
  • Property Sub Type: 4 Family
  • Handicap Features: Ramps
  • Direct Waterfront: No
  • Directions: Park Ave to Black Rock Ave
  • Special Features: None

Interior Features

  • Total Bedrooms: 12
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Attic Description: Walk-up
  • Basement Description: Full With Walk-Out, Interior Access
  • Laundry Room Info: Basement Hook-Up(s), Washer/Dryer Some Units
  • Attic: Yes
  • Street Number Modifier: 109

Exterior Features

  • Exterior Features: Porch
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking, Parking Lot

Utilities

  • Heat Type: Gas on Gas, Hot Air, Radiator
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.3400
  • Lot Description: Level Lot
  • Zoning: RC

Multi Family

  • Gross Annual Income: 62400
  • Net Operating Income: 47400
  • Unit Count: 4
  • Total Multi Family: 24
  • Total Num Of Units: 4

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 13227
  • Total Assessed Value: 304422
  • Mil Rate Base: 43.450
  • Mil Rate Total: 43.450
  • Assessor Parcel Number: 18997

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gunraj Mohandai $374,250
Closed Mancuso Salvatore $124,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2022 06/28/22 Sold $499,000 0.0% $111 / Sq Ft
04/21/2022 04/21/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $499,000 -- $111 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,058 $300,520 $43,270 $257,250
2024 $13,058 $300,520 $43,270 $257,250
2023 $13,058 $300,520 $43,270 $257,250
2022 $13,058 $300,520 $43,270 $257,250
2021 $13,227 $304,422 $43,270 $261,152
2020 $11,991 $222,095 $29,030 $193,065
2019 $11,991 $222,095 $29,030 $193,065
2018 $12,075 $222,095 $29,030 $193,065
2017 $12,075 $222,095 $29,030 $193,065
2016 $13,430 $247,010 $29,030 $217,980
2015 $13,865 $328,560 $40,730 $287,830
2014 $13,865 $328,560 $40,730 $287,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170482612

SmartMLS

APN: BRID-001161-000019