For sale
  • $550,000

    33 Granfield Avenue, Bridgeport, CT 06610

    --beds
    1,848sqft
    : 
    Multi Family
    Built in 1887
    -- sqft lot
    $544,800 Zestimate®
    $298/sqft
    $-- HOA

    What's special

    New roof
    ****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.
    9 days
    on Zillow
    |
    281
    |
    5
    |
    • Loading
    • Loading