For Sale
$30,180,000

187 PortfolioBridgeport, CT 06601

187-unit apartment complex, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
113

Highlights

  • 100% Market Rate Units
  • Value-Add Opportunity with significant recent capital improvements including roofs, siding, parking lots, landscaping, and 145+ renovated units.
  • Unique Product in a High-Demand Market with low submarket vacancy (3.9%).
  • $30,180,000 Asking Price with a 6.60% current cap rate and a 9.73% pro-forma cap rate.
  • Naturally Occurring Affordable Housing.
  • Prime Location near major employment centers, transportation (including Metro North), universities, hospitals, and financial services (M&T Bank).

Property Details for 187 Portfolio

Property type
Apartment buildings
Square Feet
149,240 SF
Year Built
1952
Lot Size (sq. ft)
244,807 SF
Units
187

Location Insight

City
Bridgeport
County
Fairfield
State
Connecticut
Latitude
41.1800621
Longitude
-73.1883898
187 Portfolio, Bridgeport, Connecticut
Leaflet | © OpenStreetMap contributors

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187 Portfolio
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