****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.
For sale
$550,000
33 Granfield Avenue, Bridgeport, CT 06610
--beds
1,848sqft
Est.:
Multi Family
Built in 1887
-- sqft lot
$544,800 Zestimate®
$298/sqft
$-- HOA
What's special
New roof
- 9 days
- on Zillow |
- 281 |
- 5 |
- Loading
- Loading