MultiFamily - Central CT, Bridgeport & Waterbury
Greetings CT Forum,
My husband and I are looking to purchase multi-family homes in central CT, Bridgeport or any other places that make sense. We currently own a duplex in NYC. However, we are seeking to invest outside of New York (too expensive).
However, we are not familiar with the CT market. We have searched RedFin & LoopNet and currently interested in property in Norwich, CT, Cap Rate is attractive, and there is meat on the bone after Loan Payment & expenses.
Does anyone have insight on this market? We are explicitly looking for B & C class Multi-Family properties preferably close to the Metro-North.
Cheers,
Evelyn
New Investor
Most Popular Reply
You’re talking about several very different markets. Central CT is not Norwich and neither is close to metro north. Based on everything you say I would say Bridgeport might be the best place for you to start. This is closer to you, offers reasonably priced multis, good returns, some decent neighborhoods and metro north.