NOT LISTED FOR SALE

49 White St Bridgeport, CT 06610

Boston Ave-Mill Hill Neighborhood
6 Beds
6 Baths
3,600 Sq Ft
5,663 Sq Ft Lot

Last Sold June 06, 2024

Last sale price $700,000 $194 Per Sq Ft

175 Days on Market

Highlights

  • Attic
  • Hot Water Circulator
  • Hot Water Heating System
  • Porch
  • Ceiling Fan
  • Laundry Facilities

About This Home

As of June 2024

Value-Add Investors, this cash-flowing 6-unit building is a MUST-have for your portfolio! Well-maintained and located walking distance from Bridgeport Hospital, you will walk into this investment at an 8.75% cap rate and still have upside to increase your cash flow. The property consists of all 1 bedroom units, most of which have been updated in the last few years. Minimal renovations are needed for this investment to run at a 10% cap rate once fully stabilized. Full basement with laundry accessible from the first floor. With on-street parking the current option for tenants, a savvy investor may want to turn the spacious backyard into a parking lot, providing additional spots for tenants and creating additional income for the new landlord. With this deal, you can advantage of the rising rental demand in Bridgeport, and own a valuable asset in one of Connecticut's hottest investment markets.

Last Agent to Sell the Property

Micah Bailey

Sky Realty Group License #RES.0828333 Listed on: 12/14/2023

Last Buyer's Agent

Micah Bailey

Sky Realty Group License #RES.0828333 Listed on: 12/14/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,027

Year Built

  • Built in 1907

Lot Details

  • 5,663

Home Design

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

Interior Spaces

  • 3,600 Sq Ft Home
  • Ceiling Fan
  • Pull Down Stairs to Attic

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Schools

  • Dunbar Elementary School
  • Warren Harding High School

Utilities

  • Hot Water Heating System
  • Gas Available at Street
  • Hot Water Circulator
  • Fuel Tank Located in Basement

Additional Features

  • Porch
  • 5,663 Sq Ft Lot

Community Details

  • 6 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 26016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,027

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Neighborhood: Mill Hill
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 3600
  • Total Sq Ft: 3600
  • Year Built: 1907
  • New Construction: No/Resale
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5262
  • Directions: From I-95: If you're traveling north on I-95, use Exit 27A for Lafayette Boulevard. If you're traveling south on I-95, use Exit 27 for Lafayette Boulevard. Follow the exit ramp and continue on Lafayette Boulevard until you reach White Street.
  • Financing Used: Conventional Fixed
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 6
  • Full Bathrooms: 6
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full
  • Laundry Room Location: Basement
  • Laundry Room Info: Common Laundry Area
  • Attic: Yes

Exterior Features

  • Exterior Features: Porch
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: On Street Parking

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Hot Water
  • Heat Fuel Type: Gas In Street
  • Fuel Tank Location: In Basement
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.13
  • Lot Description: N/A
  • Flood Zone: No
  • Zoning: RC
  • Parcel #: 26016

Multi Family

  • Total Number Of Units: 6
  • Unit Count: 6

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 8027

MLS Schools

  • Elementary School: Dunbar
  • High School: Warren Harding

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2024 06/06/24 Sold $700,000 -3.4% $194 / Sq Ft
12/14/2023 12/14/23 For Sale $724,900 -- $201 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Micah Bailey

    Seller's Agent in 2024

    Micah Bailey

    Sky Realty Group

    (305) 951-9865

    1 in this area

    12 Total Sales

    Micah Bailey
    Section Image
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Map

Source: SmartMLS

MLS Number: 170614995

SmartMLS
Connecticut Fairfield County Bridgeport 06610 Boston Ave-Mill Hill

49 White St, Bridgeport, CT

Not Listed for Sale

MultiFamily

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