BRIDGEPORT – Horvath & Tremblay has listed a portfolio of apartments on the city’s East Side that include more than 23,000 square feet of livable space on 0.34 acres.
The three properties have a total of 27 apartment units on Caroline and Maple streets. They include 6 three-bedroom/one-bathroom units, 6 two-bedroom/1-bathroom units, and 14 one-Bedroom/1-Bathroom units with a total of 23,523 square feet of gross living area in 32,806 square feet of gross area. The properties feature on-street parking.
Tenants are responsible for gas-powered heating and hot water utilities, as well as separately metered electricity, which they pay directly at all properties. The landlord is responsible for providing city water and sewer to all Properties, which they pay directly.
The property is currently cash-flowing at a favorable return with a low expense ratio, and 22 out of the 27 tenants on steady rental assistance programs.
The properties offer convenient access to the city’s major employment centers, neighborhood retail amenities, and regional transportation infrastructure.
Located just minutes from downtown Bridgeport, the properties benefit from strong connectivity to I-95 via nearby Exits 27 and 28, as well as direct access to Route 8 / Route 25, providing efficient north-south travel throughout Fairfield County and convenient access to surrounding markets including Stamford, New Haven, and the greater New York metropolitan area.
