Rock Ridge Place

The Black Rock neighborhood in Bridgeport offers a unique blend of cultural history, vibrant community atmosphere, and relative value that is increasingly attracting renters, thereby fueling rent growth. Compared with Harbor Point in Stamford or South Norwalk, Black Rock maintains a unique charm, which stems from its historical significance, local businesses, and the natural beauty of its waterfront location. Its close-knit community and relative value are particularly appealing to young professionals and families looking for a more budget-friendly living option compared to the relatively higher rents in Stamford and South Norwalk, while maintaining the same profile and amenities. This has led to increased renter demand in Black Rock, which, in turn, is driving rent growth. Furthermore, the ongoing and planned new developments and revitalization projects, similar to the transformations seen in Harbor Point and South Norwalk, also plays a role in attracting renters who are interested in the long-term prospects of the area. This comparative advantage, coupled with the ongoing development in the region, ensures a promising trajectory for sustained rent growth in Black Rock.Rock Ridge Place is a 66-unit apartment community located in the heart of Black Rock, Bridgeport, CT. Rock Ridge Place has recently received over $2,000,000 in capital improvements and features an array of high-end amenities and finishes that cater to a desirable tenant base of young professionals, affluent commuters, students & faculty, and sophisticated empty-nesters. Rock Ridge Place is comprised of sixty-three (63) one-bedroom and three (3) two-bedroom apartments. Each apartment features new shaker-style cabinets, stone countertops, stainless steel appliances, in-unit laundry, tile bathrooms, modern lighting, and new flooring. Tenant amenities include a dog park, tenant lounge, elevator, package rooms, sun deck, and covered parking. The property is walkable to many area amenities including the Fairfield Metro Train Station, Captain’s Cove Marina, various parks, Saint Mary’s by the Sea Waterfront, and shopping, dining, arts, and nightlife on Fairfield Avenue. Rock Ridge Place offers a new owner the opportunity to acquire a turn-key property with remaining value-add potential in one of the most exciting submarkets in Connecticut.