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$ 995,000
Est. payment /mo
New
357 Norman Street Bridgeport, CT 06605
4,750 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,750 sqft
Price per Sqft $209
MLS Listing ID 24128778
Year Built 1892
Annual Tax Amount $13,834
Lot Size 4,791 Sqft
Property Description
Excellent Investment Opportunity! This historic and well-maintained apartment building offers an exceptional chance to expand your portfolio with a strong performing asset. Spanning approximately 4,570 sqft., the property features 15 residential units plus an on-site office, ideal for property management convenience. This building offers a varied floor plan of efficient studio units, appealing to a wide range of tenants, each with private bathroom and kitchenette. With an estimated cap rate of 9.8%, this is a rare opportunity for investors seeking both stability and cash flow. Key property features include: * Central air conditioning & gas heat * Separate HVAC systems for each side of the building * Security cameras & centralized fire safety system * Fire suppression system in the basement * Individual mail and key boxes for residents Originally constructed in 1892 as two duplex homes on land acquired from the estate of P.T. Barnum, this building carries unique historical charm while offering modern updates for today's rental market. Perfectly located across from the Klein Memorial Auditorium (Performing Arts Center) and within close reach of I-95 and public transportation, shopping, parks, and beaches, this property provides unmatched convenience for tenants.Don't miss this chance to own a piece of history with strong investment returns!
Location
State CT
County Fairfield
Zoning RC
Interior
Interior Features Living Space Available
Heating Hot Water
Cooling Central Air
Exterior
Exterior Feature Sidewalk, Lighting
Utilities Available Electric, Gas, Cable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected
Others
Virtual Tour https://tour.realtyplans.com/sites/zezelxm/unbranded
Listed by Catherine Aaron • Berkshire Hathaway NE Prop.
