LOCATION LOCATION Opportunity knocks to own A WHOLE CITY BLOCK on prime MADISON AVENUE. Over 160' of frontage providing direct exposure and easy access to 5 retail units, (one 3 family and (one 2 family home; all occupied except one unit under renovation with potential for added rental income. This unique parcel of properties is a rare investment opportunity with a CAP RATE of 8% and potential for up to 10% This is your ONE STOP INVESTMENT PROPERTY The fully occupied 4 unit retail building boasts street side window displays, off-street tenant parking with access from both Garden Street and Liberty Street, updated public utilities PLUS NATURAL GAS. The fully occupied 3 family home has been updated on all floors with new floors, new kitchen, updated bath, gas and public utilities and has ample tenant off street parking in the rear. The oversized 2 family home is first floor occupied and has been updated with all new plumbing, new electrical, new kitchen and bath. The second floor has potential for additional income as the 2 bedroom could be 4+ once complete. Very spacious and lots of capacity for an extended family living situation. More info available upon request.
Off market
Zestimate®
$1,827,200
1016-1050 Madison Ave, Bridgeport, CT 06606
6beds
18,423sqft
MultiFamily
Built in 1939
-- sqft lot
$1,827,200 Zestimate®
$99/sqft
$3,238 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Gas
Features
- Basement: Full
- Attic: Floored
Interior area
- Total interior livable area: 18,423 sqft
- Finished area below ground: 6431
Property
Parking
- Parking features: Off-street
Features
- Exterior features: Other, Brick
- Waterfront features: Not Applicable
Lot
- Size: 0.50 Acres
- Features: Level
Details
- Zoning: ORG
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
Materials
- Roof: Asphalt
Condition
- Year built: 1939
Utilities & green energy
- Sewer: Public Sewer
- Water: Public Water Connected
Community & neighborhood
Location
- Region: Bridgeport
HOA & financial
Other financial information
- Total actual rent: 1200000
Other
Other facts
- Sewer: Public Sewer
- Roof: Asphalt
- HeatingYN: true
- Heating: Natural Gas, Gas on Gas
- Basement: Full
- ConstructionMaterials: Other, Vinyl Siding, Brick
- NumberOfUnitsTotal: 10
- LotFeatures: Level
- NumberOfUnitsInCommunity: 6
- Cooling: Window Unit(s), Ceiling Fan(s)
- ParkingFeatures: Off Street, Paved
- Attic: Floored
- YearBuiltSource: Public Records
- FoundationDetails: Concrete
- WaterSource: Public Water Connected
- WaterfrontFeatures: Not Applicable
- TotalActualRent: 1200000.00
- Zoning: ORG
- ArchitecturalStyle: Units on different Floors
- MlsStatus: Active
- CoListAgentEmail: thuyantran@bhhsne.com
- CoListAgentFullName: Thuyan Tran
- TaxAnnualAmount: 16673
- GrossIncome: 163836
- NetOperatingIncome: 96220
- OperatingExpense: 67616
- BelowGradeFinishedArea: 6431
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$1,827,200
2% more+$36,544
With Zillow Showcase(estimated)$1,863,744