Baldwin Pearson CT Commercial Realtors Logo

2336 Barnum Avenue

Bridgeport, CT

DETAILS

NO. UNITS

7 Apts. & 2 Stores

APPROX. SF

8,400

PRICE / SF

$146

PRICE / UNIT

CONTACT

Daniel Shawah
203-521-6348

PROPERTY DESCRIPTION

  • The site contains two properties on one tax lot representing an excellent opportunity for a new owner with the unique opportunity to acquire a large numbers of units in one transaction.
  • 2336 Barnum Avenue is a corner mixed use property containing five two (2)bedroom apartments and two commercial spaces.
  • 2336 Barnum Avenue benefits from nearly 35 feet of frontage on the heavily trafficked block of Barnum Avenue.
  • The residential tenants all occupy on month to month (MTM) leases.
  • The commercial spaces are both vacant, allowing a new owner to re-lease the spaces and achieve a considerable step up in monthly rent.
  • 509 Bruce Avenue is a two family house located in the back of the lot.
  • The property contains two three (3) bedroom apartments with tenants occupying on month to (MTM) leases. Both properties contain well below market rents, allowing a new owner to substantially increase the rents on all units.
  • These properties can be purchased in conjunction with 1874 Barnum Avenue, a corner mixed use property totaling six apartments and one commercial space and 1870 Barnum Avenue an adjacent commercial garage. These properties are approximately .5 miles away from the subject property.