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$ 2,350,000
Est. payment | /mo
13 Beds
3,965 SqFt
$ 2,350,000
Est. payment | /mo
13 Beds
3,965 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 3,965 sqft
Price per Sqft $592
MLS Listing ID 24121846
Style Units on different Floors
Bedrooms 13
Year Built 1900
Annual Tax Amount $10,676
Lot Size 5,227 Sqft
Property Sub-Type 5 Family+
Property Description
House #1- 1014-1016 Noble Ave Bridgeport. Incredible income-generating opportunity with this 18-room legal rooming house, fully compliant and positioned for maximum return. Projected annual income at full capacity $168,300. One room occupied rent-free by on-site property manager. Ideal for investors seeking steady cash flow and minimal vacancies features 16 private rooms 2 efficiency units and 2 shared bathrooms. Average room size: 14' x 15' some bigger. House #2- 1351 State St New Haven: Rare opportunity to acquire a fully legal, income-producing rooming house for over 30 years with strong cash flow and long-term stability. Features 12 rentable rooms + 1 efficiency unit and a separate commercial space with State Street frontage. 2 shared bathrooms, shared kitchen, plus coin-op laundry setup potential. On-site manager's apartment (1 bed, 1 bath, kitchen, living space) Small room on lower level for an office. Commercial Space features separate entrance with 1 bath, ideal for restaurant, office, or retail. Gross income potential: approx. $168,000/year. Key Investor Features: Turnkey operation with decades-long rental history, well-maintained: 7 yr old roof, newer siding, and windows, dry full basement with potential for storage or laundry income, average room size 12x10 or bigger. These are 2 stable, cash-flowing assets in a prime Bridgeport & New Haven location. Ideal for seasoned or new investors seeking a high-cap rate property with upside in commercial revenue.
Location
State CT
County New Haven
Zoning BA
Rooms
Basement Full
Interior
Heating Hot Water
Cooling None
Exterior
Parking Features None, Driveway, Paved, Off Street Parking
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Latasha Eaddy • Eaddy Associates
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Andrei Balaj & Camilo Ramirez
Real Estate Agent | Lic# Licensed in Connecticut