616 Columbia Ave

Highlights:

• Annual Tax: $ 1850.0
• Gross Income: $ 74160.0
• Appliances: Refrigerator
• Cooling: Window A/C
• Exterior Description: Stucco
• Flooring: Luxury Vinyl
• Heating Fuel Type: Electric
• Heating Type: Baseboard
• Lot Size: Under 1/2 Acre
• Sewer: City
• Water: City Water

Description:

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Multifamily Investment Opportunity in Bridgeport with solid financials. Currently fully rented, this recently remodeled seven-unit apartment complex offers impressive returns with a strong 9.8% Net Cap Rate and tremendous 7.75% Gross Rent Multiplier! New improvements include a brand new TPO roof, interior remodels to units, and new exterior paint. Low operating costs and cheap utilities make this a high-efficiency investment. With the building totaling 4,228 square feet of one-level living, this property also features a shared laundry room and large backyard which includes a versatile 416 square foot shop for storage or additional income. Located in a central area of Washington with stable rental demand. Ideal for investors seeking reliable cash flow and long-term upside. **Seller Financing Available** With reasonable financing terms from the Seller, you can acquire this great income-producing property AND keep the mortgage off your books, bureaus, ratios, etc. Leases and Financials available upon request.

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Listing ID: bbacf450-b6ac-4bdf-81dc-7c20d3a6c291