BEDS0
BATHS5 full
SQUARE FEET1,848
MLS#24112070
STATUSUnder Contract
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Cooling: None
Fuel Type: Natural Gas
Heating: Hot Air
Home Style: Units on different Floors
Lot Size: 0.08 Acres
Roof Type: Asphalt Shingle
Taxes: $6,071
Year Built: 1887
Feature Descriptions
Days on Site: 321
Exterior: Stone, Stucco
Lot: Level Lot
Sewer: None
Units: 5
Water: Public Water Connected
Waterfront: Beach Rights
Local Schools
High School: Per Board of Ed
Elementary School: Per Board of Ed
Listed By / Shown By
Listing By
Agency Name: Top Tier Realty Group, LLC
Agent Name: Lisa Nussbaum
Agency Phone: (203) 5215339
Shown By
Agency Title: Bain Real Estate
Agency Phone: (860) 927-4646
Estimate Your Payment
Estimated Payment
$ 1,852.64 per month $1,190.68 Principal & Interest $505.92 Property Tax $156.04 Homeowner's Insurance
33-35 Granfield | MLS# 24112070
This multi-family property located at 33-35 Granfield, Bridgeport, CT 06610 is currently listed for sale with an asking price of $535,000. Search Bridgeport real estate on www.bainrealestate.com today.