StatusAccepting Backup Offers (Under Contract - Continue to Show)
About 49 White St
Value-Add Investors, this cash-flowing 6-unit building is a MUST-have for your portfolio! Well-maintained and located walking distance from Bridgeport Hospital, you will walk into this investment at an 8.75% cap rate and still have upside to increase your cash flow. The property consists of all 1 bedroom units, most of which have been updated in the last few years. Minimal renovations are needed for this investment to run at a 10% cap rate once fully stabilized. Full basement with laundry accessible from the first floor. With on-street parking the current option for tenants, a savvy investor may want to turn the spacious backyard into a parking lot, providing additional spots for tenants and creating additional income for the new landlord. With this deal, you can advantage of the rising rental demand in Bridgeport, and own a valuable asset in one of Connecticut's hottest investment markets.
Property Details
Property Features
Property Information:
Year Built: 1907
Living Area: 3,600 SqFt
Listing Office:
Office Name: Alpha Capital Realty, LLC
Office Phone: (203) 347-4757
Listing Agent: Micah Bailey
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 6
Total Bedroom Count: 6
Exterior Features
Exterior Information:
Private Pool: No
Exterior: Porch
Parking Information:
Attached Garage: No
Parking: On Street Parking
Lot Features
Lot Information:
Lot Size: 0.13 Acres
Utilities
Utilities Information:
Heating: Hot Water
Cooling: Ceiling Fan(s)
School Info
Assigned Schools Information:
Harding High School, Public District Grades 9-12
Dunbar School, Public District Grades KG-8
Classical Studies Academy, Public District Grades KG-7
Other
Directions Information:
Directions: From I-95: If you're traveling north on I-95, use Exit 27A for Lafayette Boulevard. If you're traveling south on I-95, use Exit 27 for Lafayette Boulevard. Follow the exit ramp and continue on Lafayette Boulevard until you reach White Street.
Price Information
Listing Price Info
Price Summary:
List Price: $724,900
Price Per SqFt: $201/SqFt
Tax Information:
Annual Amount: $8,027
Tax Year: 2021
What can I afford?
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Housing Market Comparison
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
1
/10
Dunbar School
445 Union Ave
Distance between this listing and this school0.72 miles
Public District Grades KG-8
4
/10
Classical Studies Academy
240 Linwood Ave
Distance between this listing and this school2.20 miles
Public District Grades KG-7
High School
1
/10
Harding High School
1734 Central Ave
Distance between this listing and this school0.25 miles
Public District Grades 9-12
Nearby Schools
2
/10
Hall School
290 Clermont Ave
Distance between this listing and this school0.55 miles
Public District Grades KG-6
2
/10
Edison School
115 Boston Ter
Distance between this listing and this school0.60 miles
Public District Grades KG-6
4
/10
Beardsley School
500 Huntington Rd
Distance between this listing and this school1.05 miles
Public District Grades PK-6
Assigned Schools
1
/10
Dunbar School
445 Union Ave
Distance between this listing and this school0.72 miles
Public District Grades KG-8
4
/10
Classical Studies Academy
240 Linwood Ave
Distance between this listing and this school2.20 miles
Public District Grades KG-7
Nearby Schools
3
/10
Barnum School
495 Waterview Ave
Distance between this listing and this school0.43 miles
Public District Grades PK-8
Assigned Schools
1
/10
Harding High School
1734 Central Ave
Distance between this listing and this school0.25 miles
Public District Grades 9-12
Nearby Schools
5
/10
Achievement First Bridgeport Academy
655 Stillman St
Distance between this listing and this school0.49 miles
Public Charter Grades KG-11
4
/10
The Bridge Academy
401 Kossuth St
Distance between this listing and this school0.82 miles
The neighbors living near this home have an average income of $21,765. The majority of Bridgeport, CT residents have income less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
This home is located at 49 White St in Bridgeport, CT and zip code 06610 in the East Bridgeport neighborhood. This 3,600 square foot home, which was built in 1907, sits on a 0.13 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since December 14, 2023 and is currently priced at $724,900.
Over 42 listings were sold over their listed price in March 2024 in Bridgeport, CT. In the same period over 20 listings were sold below the listed price and 5 listings were sold for the listed price. In March 2024 in Bridgeport, CT there were 6.8% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $334,950, while the average time on the real estate market was 60 days.
From Rocket Homes Real Estate and based on county public records data.