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.
Features
- Heating System:
- Hot Air
- Cooling System:
- No
- Basement:
- Full, Unfinished
- Foundation Type:
- Masonry
- Heat Fuel Type:
- Natural Gas
- Exterior Siding:
- Stone, Stucco
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 0
- Hot Water Description:
- Other
- Lot Description:
- Level Lot
- Water Source:
- Public Water Connected
Address Map
- Street:
- Granfield
- Street Number:
- 33
- Floor Number:
- 0
- Longitude:
- W74° 50′ 8.1”
- Latitude:
- N41° 11′ 51.3”
MLS Addon
- Office Name:
- Top Tier Realty Group, LLC
- Agent Name:
- Lisa Nussbaum
- List Agent MLSID:
- NUSSBAUML
- List Office MLSID:
- 13578
- Tax Year:
- July 2025-June 2026
- Directions:
- Please use GPS
- Elementary School:
- Per Board of Ed
- High School:
- Per Board of Ed
- HOA Fee Amount:
- $0
- Parcel Number:
- 27875
- Property Tax:
- $6,071
- Zoning:
- RC
Multi-family For Sale
33 Granfield, Bridgeport, 06610
0 Bedrooms
5 Bathrooms
1,848 Sqft
$550,000
Listing ID #24112070
Basic Details
- Property Type :
- Multi-family For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24112070
- Price :
- $550,000
- Bedrooms :
- 0
- Baths Total :
- 5
- Bathrooms :
- 5
- Half Bathrooms :
- 0
- Square Footage :
- 1,848 Sqft
- Year Built :
- 1887
- Lot Area :
- 0.08 Acre
- City:
- Bridgeport
- Zipcode:
- 06610
- Property Sub Type :
- 5 Family+
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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