20 Read St - Apartments FOR SALE
Bridgeport, CT 06607 |
20 Read St
Bridgeport, CT 06607
HIGHLIGHTS
- Recent capital improvements include updated unit interiors, updated mechanicals, new parking lots, landscaping & fencing
- Below-market rents – opportunity to increase rents $216/month organically through renewals and new leases
- 47 of 52 units are two story townhomes – average unit size 1,006 SF
- Opportunity to increase revenue $130,000+/year by bringing rents to achieved market levels
- Immediate scale in one of Connecticut’s best rental markets – 2.3% market vacancy rate and 4.0% 12 month rent growth *CoStar
- Tremendous access to various modes of transit – within two miles of Metro North Train Station, Bridgeport Ferry to Port Jefferson, and Interstate 95
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
The Villas at Read
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
57330
STORIES
2
YEAR BUILT
1972
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
BRID-000038-000640-000035A
