105 Milne Street

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105 Milne Street

Bridgeport, CT 06604
Asking Price
$2.00M
Cap Rate
3.76%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The multifamily asset contains ten distinct residential apartment units.
  • Property is listed for sale at two million dollars.
  • Current investment yields an established cap rate of 3.76 percent.
  • The building is situated in the city of Bridgeport, Connecticut.
  • The location is positioned within the greater Fairfield County market.

What's Special

Priced at $2,000,000, this 10-unit apartment building at 105 Milne Street presents a residential investment in Bridgeport, Connecticut. The property serves as a stable asset within a region that balances proximity to the Long Island Sound with accessible transit connections to the broader New York metropolitan area. Bridgeport maintains a steady rental demand driven by its diversified regional economy and expanding infrastructure projects along the shoreline. Multifamily holdings in this submarket often attract investors seeking consistent occupancy and long-term income potential. The layout of this asset facilitates straightforward management for professional operators looking to strengthen their footprint in the Fairfield County area. Prospective buyers may find this building suitable for a long-term hold strategy given the sustained interest in well-located residential housing throughout the city.

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NOI
$80,000
Cap Rate
4.00%
DSCR
0.67
Underwater
Cash-on-Cash
-6.46%
Monthly Payment
$9,894.909
Annual Cash Flow
$-38,738.905

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