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    420 Pembroke Street

    Bridgeport, CT 06608
    • $485,000
    • STATUS: Active
    • ON SITE: 24 days
    • MLS #: 170382451
    UPDATED: 52 min ago
    $485,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,698
      SQFT
    • $63
      $/SQFT
    Type:
    Multi-Family
    Built:
    1902
    County:
    Area:

    School Information

    Elementary School:
    High School:

    Description

    JUST LISTED! 10% CAP RATE! A 6-Unit Mixed-Use Commercial Building located steps away from Brass Pro Shop and near the new amphitheater and Steel Point. There are Four 3-Bedroom Residential Apartments and 2 Retail Storefront commercial units. (1 in use, 1 used as storage currently) All residential tenants want to remain and are month-to-month. One tenant is also the superintendent of the building. The retail store has 3 years left on their lease. TOTAL CURRENT GROSS INCOME: $69,600. TOTAL POTENTIAL GROSS INCOME: $79,200 (Potential for a 12% CAP RATE) w/the leasing of the unoccupied retail store for $800 per month. (The space was previously used for storage but is no longer. It is approximately 1,000 SF). Each apartment is $1,000 per month. The retail store income is $1,800 per month. The deli/grocery w/kitchen is leased (and not for sale). It is an active business with customers going in and out to buy groceries, pick up prepared hot food and sandwiches, lottery, etc. (see photos) There is a common restroom for the 2 stores to have use of. Photos show 2 of the 4 residential units and the active retail deli/grocery, as well as, the common area and basement. The Interior is in fair to good condition depending on the unit. The apartments are spacious with large rooms with some featuring hardwood floors, tile or carpeting. Total retail is 2,684SF per town records.Separate utilities. On street parking but also a couple of parking spaces are off street in rear of building.

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    © 2021 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Frank Schiavone with William Raveis Real Estate. Data last updated: 2021-04-16T12:10:44.913.
    www.frankschiavone.com/homes/115374000
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    420 Pembroke Street Bridgeport, CT 06608

    • Price: $485,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 170382451
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    7,698
    SQFT
    $63
    $/SQFT
    1902
    Built
    County:
    Fairfield
    Area:
    Bridgeport
    Elementary School:
    per board of ed
    High School:
    per board of ed
    Property Description
    JUST LISTED! 10% CAP RATE! A 6-Unit Mixed-Use Commercial Building located steps away from Brass Pro Shop and near the new amphitheater and Steel Point. There are Four 3-Bedroom Residential Apartments and 2 Retail Storefront commercial units. (1 in use, 1 used as storage currently) All residential tenants want to remain and are month-to-month. One tenant is also the superintendent of the building. The retail store has 3 years left on their lease. TOTAL CURRENT GROSS INCOME: $69,600. TOTAL POTENTIAL GROSS INCOME: $79,200 (Potential for a 12% CAP RATE) w/the leasing of the unoccupied retail store for $800 per month. (The space was previously used for storage but is no longer. It is approximately 1,000 SF). Each apartment is $1,000 per month. The retail store income is $1,800 per month. The deli/grocery w/kitchen is leased (and not for sale). It is an active business with customers going in and out to buy groceries, pick up prepared hot food and sandwiches, lottery, etc. (see photos) There is a common restroom for the 2 stores to have use of. Photos show 2 of the 4 residential units and the active retail deli/grocery, as well as, the common area and basement. The Interior is in fair to good condition depending on the unit. The apartments are spacious with large rooms with some featuring hardwood floors, tile or carpeting. Total retail is 2,684SF per town records.Separate utilities. On street parking but also a couple of parking spaces are off street in rear of building.
    Exterior Features

    Construction Description Frame Exterior Siding Shingle Foundation Type Concrete Lot Description N/A Roof Information Flat Style Units On Different FloorsUnits Are Side-By-Side Waterfront Description Not Applicable

    Interior Features

    Attic Yn No Basement Description Full Cooling System Wall Unit Heat Type Radiator Hot Water Description Domestic

    Property Features

    Bank Owned Property Yn No Direct Waterfront Yn No Fuel Tank Location Above Ground Garage Parking Info Off Street Parking Heat Fuel Type Oil Hoa Yn No New Construction Type No/Resale Possession Availability Negotiable Potential Short Sale Yn No Property Sub Type 5 Family+ Property Tax 13394 Sewage System Public Sewer Connected Sign Yn No Swimming Pool Yn No Water Source Public Water Connected Zoning R1

    Listing information © 2021 Smart MLS
    Listing provided courtesy of Maxwell Erni of Keller Williams Prestige Prop..


    © 2021 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Frank Schiavone with William Raveis Real Estate. Data last updated: 2021-04-16T12:10:44.913.
     
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    Frank Schiavone with William Raveis Real Estate
    45 Field Point Rd.
    Greenwich CT, 06830