October 24, 2023 – Stavros Filippidis of Horvath & Tremblay has successfully completed the sale of a six-unit multi-family Property in Bridgeport, Connecticut. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,100,000.
The Multi-family Property is located at 131-135 Caroline Street in Bridgeport, Connecticut. The Property consists of two adjacent multi-family buildings and contains eight units comprised of six (6), 2-Bedroom/1-Bathroom units and two (2), 3-Bedroom/1-Bathroom units with 6,306 square feet of living area in 9,370 square feet of total area on a 0.16-acre parcel. The Property also features on-site parking and a four-bay garage. All of the residential units and the garage were fully renovated in 2022. The Property also features new mechanicals throughout with new high efficiency hot water heaters. The units are separately metered for electricity, gas fired heat, hot water, and cooking gas which the tenants pay directly. The Landlord is only responsible for domestic water and sewer. The Property is well located in the East Side neighborhood of Bridgeport and enjoys convenient access to US Route 1, the area’s primary commercial corridor as well as CT Routes 8 and 25 and Interstate 95. The Property also offers convenient access to the municipal bus line, the Bridgeport Train Station, Bridgeport University and Housatonic Community College.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.