Bridgeport - Beach Property For Sale #1091319

Welcome to 385 Park Ave; forget house, this is the ideal business opportunity. - Legal 4-8 unit multifamily w/ living space across three floors; side by side units. - Close to Bridgeport University, rent comes easy as the property is a short walk to campus for students with many bedrooms available. - The first floor features side by side apartments - w/ four bedrooms, a Kitchen and full bath each. - Access to the basement as well. - The second and third floor apartments are also side x side, but a bit larger - duplex style; consisting of the second and third floor, each apartment has 2 full baths, Kitchen and 8 rooms being occupied as bedrooms. - Apartments are railroad design. - Bedrooms are decent sizes, about 12x12 sq ft on average. This cash cow is currently netting over $90k NET profit/year - at only 70% capacity - with potential to bring in closer to $120k/year. - Recent upgrades include Architectural gable roof, 4 furnaces, insulation, plumbing, electrical panels and 5 meters. - The 3rd floor is recently painted/tiled. - Besides the University, this home is minutes away from downtown, beach, and I95. - Very attractive and competitive CAP rate north of 15% at list price - don't miss out on this opportunity!