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    33 Granfield Ave Bridgeport, CT 06610

    For Sale
    $550,000

    Five-unit property with income growth potential in a high-demand area.

    Lot size:
    0.08 Acres

    Property Features for 33 Granfield Ave

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1887

    Source: Top Tier Realty Group, LLC Agent Lisa Nussbaum

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey 5-Unit Investment Property

    This is a fully detached five-family asset offering strong fundamentals and excellent income growth potential. The layout includes a mix of studios and junior one-bedroom units, which is 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 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.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1644157
    Latitude
    41.1975823

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    FAQs

    What type of property is this?
    Apartment building - Five-unit property with income growth potential in a high-demand area.
    Where is this apartment building located?
    The property is located at 33 Granfield Ave Bridgeport, CT.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - High Potential Cap Rate: Projected 12.4% cap rate once stabilized.; - Turnkey Investment: Fully detached 5-unit property, ready for immediate income generation.; - Upside Potential: Below-market rents provide a clear opportunity to increase cash flow.
    (203) 521-5339
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    33 Granfield Ave Bridgeport, CT 06610
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    Bridgeport, CT 06610
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    33 Granfield Ave Bridgeport, CT 06610
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