USACTBridgeportMill Hill33 Granfield Ave
33 Granfield Ave, Home with 0 bedrooms, 5 bathrooms and null parking in Bridgeport CT | Image 1
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$550,000

33 Granfield Ave, Bridgeport, CT

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 1848 sqft
Garage No
Taxes $6,071
Days Active 0
Lot Size 
Approx. Age 1887
Avg. Price Per Sqft $297
MLS® Number 24112070

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number24112070
Laundry Level
Central VacNo
FireplaceNo
Acreage0.08
Exterior
GarageNo
Approx. Age1887
BasementFull, Unfinished
DrivewayNone
Garage Spaces
HeatNatural Gas, Hot Air
A/CNone
Heating Fuel

Extras

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