37 Austin St, Bridgeport, CT 06604

Property Description

Welcome to 37-39 Austin Street, Bridgeport, Connecticut, an attractive five-unit multifamily investment opportunity offering strong in-place cash flow and an impressive day-one return. Ideally situated in Bridgeport's desirable South Side neighborhood, this income-producing property presents investors with the opportunity to acquire a fully occupied residential asset with immediate cash flow and minimal operational complexity. The property consists of five residential units, including four well-proportioned two-bedroom apartments and one exceptionally large six-bedroom unit. This diverse unit mix provides appeal to a broad range of tenants, while the oversized six-bedroom apartment offers a unique opportunity within the local rental market. The building is fully occupied, providing an established income stream from day one and eliminating the need for an initial lease-up period. Additionally, all utilities are separately metered, with tenants responsible for their own utility expenses, helping to minimize owner operating costs and enhance the property's overall net operating income.