Seller's Agent in 2024
Micah Bailey
Sky Realty Group
(305) 951-9865
1 in this area
12 Total Sales
49 White St Bridgeport, CT 06610
Boston Ave-Mill Hill Neighborhood
6
Beds
6
Baths
3,600
Sq Ft
5,663
Sq Ft Lot
Highlights
- Attic
- Hot Water Circulator
- Hot Water Heating System
- Porch
- Ceiling Fan
- Laundry Facilities
About This Home
As of June 2024Value-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
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
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Home Values in the Area
Average Home Value in this Area
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
| 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 | $8,027 | $184,730 | $41,940 | $142,790 |
| 2024 | $8,027 | $184,730 | $41,940 | $142,790 |
| 2023 | $8,027 | $184,730 | $41,940 | $142,790 |
| 2022 | $8,027 | $184,730 | $41,940 | $142,790 |
| 2021 | $8,027 | $184,730 | $41,940 | $142,790 |
| 2020 | $9,387 | $173,870 | $19,850 | $154,020 |
| 2019 | $9,387 | $173,870 | $19,850 | $154,020 |
| 2018 | $9,453 | $173,870 | $19,850 | $154,020 |
| 2017 | $9,453 | $173,870 | $19,850 | $154,020 |
| 2016 | $9,453 | $173,870 | $19,850 | $154,020 |
| 2015 | $9,643 | $228,500 | $38,440 | $190,060 |
| 2014 | $9,643 | $228,500 | $38,440 | $190,060 |
Source: Public Records
Agents Affiliated with this Home
-
Micah Bailey
Map
Source: SmartMLS
MLS Number: 170614995
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