Description
Amazing VALUE-ADD opportunity! 49 White Street is a 6-unit building that presents investors an excellent opportunity to maximize returns. The property offers all one-bedroom apartments, with great potential for rental income growth and a high-quality tenant base with Bridgeport Hospital located right around the corner. Once you fill the two vacant units, this multifamily building performs at a 7.5% cap rate, with room for significant rental growth to perform at almost a 9% cap rate once stabilized. Not only will you MORE than DOUBLE your cash flow and force tons of appreciation by making cosmetic renovations and raising rents to market, but this prime location ensures a steady demand for rental units, too. This is an investment that is a sure win for your rental portfolio, so do not miss out!
Nearby Schools
DunbarElementary School
Warren HardingHigh School
Location
Similar Listings
$649,999
12 Beds
4 Baths
MLS# 170596611
Under Contract - Continue to Show
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Listing Agent: Micah Bailey
Listing Office: Alpha Capital Realty, LLC
