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33 Granfield Avenue, Bridgeport, CT 06610
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$550,000
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Home Details for 33 Granfield Avenue
Price
$550,000
Type
Multi Family
Total Bathrooms
5
Full Bathrooms
5
Year Build
1887
Sq. Ft.
1848
Lot Size
0.08
County
Fairfield
Total Rooms
15
Basement
Full, Unfinished
Tax
$6,071
MLS®️ Listing#
24112070
On exitrealty.com
129 days
Property Description
****Turnkey 5-Unit Investment Property with Major Upside *** Welcome to 33-35 Granfield Avenue - a fully detached five-family asset offering strong fundamentals and excellent income growth potential. The layout includes a mix of studios and junior one-bedrooms, ideal for long-term rental stability in a high-demand area. One unit has been fully renovated and is ready for occupancy. Recent upgrades include a brand-new boiler installed in 2024 and a new roof, minimizing near-term capital expenses. The property is serviced by both gas and electric utilities. Current rents are below market, presenting a clear opportunity to increase cash flow over time. Once stabilized, the property is projected to deliver a cap rate of approximately 12.4%, making it a compelling option for investors seeking value and long-term upside. Conveniently located near public transportation, shopping, and major roadways, this low-maintenance, income-producing property is a smart addition to any portfolio.
- Heating Information
- Natural Gas
- Forced Air
- Basement
- Full
- Unfinished
- Waterfront and Water Access
- Beach Access
- Cooling Information
- None
- Water Features
- Public
- Parking
- None
Listing Courtesy: Top Tier Realty Group, LLC - (203) 521-5339. Presented by: Lisa Nussbaum
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 SmartMLS, Inc.
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