20 Read Street

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20 Read Street

Bridgeport, CT 06607
Asking Price
$16.00M
Cap Rate
7.79%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Multifamily | 7.79% CAP | 88 Units <ul><li>​100% Market Rate</li><li>​Value-Add Opportunity</li><li>​Unique Product in the Local Market</li><li>​Significant Recent Capital Expenditures</li><li>​Naturally Occurring Affordable Housing</li><li>​Compelling Entry Pricing</li><li>​Exceptional Submarket Fundamentals</li><li>​Prime Commuter Locations</li><li>​Strong Local Employment Base Including Hospitals, Universities & Financial Services</li></ul>

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NOI
$80,000
Cap Rate
0.50%
DSCR
0.08
Underwater
Cash-on-Cash
-18.12%
Monthly Payment
$79,159.27
Annual Cash Flow
$-869,911.241

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