About 33 Granfield Avenue
****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 of 33 Granfield Avenue
| MLS® # | 24112070 |
|---|---|
| Price | $550,000 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 1,848 |
| Acres | 0.08 |
| Type | Multi-Family For Sale |
| Sub-Type | 5 Family+ |
| Style | Units on different Floors |
| Status | Active |
Community Information
| Address | 33 Granfield Avenue |
|---|---|
| Area | Mill Hill |
| City | Bridgeport |
| County | Fairfield |
| State | Connecticut |
| Zip Code | 06610 |
Amenities
| Parking | None |
|---|---|
| Is Waterfront | No |
| Waterfront | Beach Rights |
| Has Pool | No |
Interior
| Heating | Hot Air, Natural Gas |
|---|---|
| Cooling | None |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full, Unfinished |
Exterior
| Exterior | Stone, Stucco |
|---|---|
| Lot Description | Level Lot |
| Roof | Asphalt Shingle |
| Foundation | Masonry |
School Information
| Elementary | Per Board of Ed |
|---|---|
| High | Per Board of Ed |
Additional Information
| Date Listed | July 16th, 2025 |
|---|---|
| Days on Market | 83 |
| Zoning | RC |
| RE / Bank Owned | No |
Listing Details
| Office | Top Tier Realty Group, LLC |
|---|