Portfolio of 3 Multi-Family Properties Multi-Family FOR SALE


Bridgeport, CT - North Bridgeport
$1,325,000 USD
203-521-5339
, Bridgeport, CT for Sale
$1,325,000 USD
Multi-Family - FOR SALE
1/65
null | 7.5% Cap Rate

Portfolio of 3 Multi-Family Properties
Bridgeport, CT
North Bridgeport


HIGHLIGHTS

  • Fully Detached 11-Unit Multi-Family Portfolio in Bridgeport, CT
  • Stabilized, Income-Producing Assets with Low Maintenance Requirements
  • Mix of Studio & Junior 1-Bedroom Units in High-Occupancy Market
  • Strategic Location Near Transit, Schools, Shopping & Major Roadways
  • Projected Portfolio-Wide Cap Rate Up to 12.5% Once Stabilized
  • Strong Cash Flow, Long-Term Value, and Investor-Friendly Management

OVERVIEW

Presenting a rare opportunity to acquire a stabilized, income-producing portfolio of three fully detached multi-family properties located on Granfield Avenue in Bridgeport, Connecticut. This offering includes a total of 11 rental units across three low-maintenance assets, each featuring a mix of studio and junior one-bedroom layouts that cater to strong tenant demand in a high-occupancy rental market. The properties are strategically positioned near public transportation, shopping, schools, and major roadways, ensuring long-term rental stability and tenant convenience. The portfolio includes 43–45 Granfield Avenue, a fully detached four-unit building currently generating income with all units occupied. Featuring a five-year-old roof and low operating expenses, this property offers immediate upside through rent increases to market levels and is projected to achieve a cap rate of up to 12.5% once stabilized. At 33–35 Granfield Avenue, investors will find a turnkey five-unit asset with strong fundamentals, including a brand-new boiler and roof installed in 2024. One unit has been fully renovated and is ready for occupancy. The property is serviced by gas and electric utilities. With rents still below market, this asset offers clear income growth potential and is projected to reach a 12.4% cap rate once stabilized. Rounding out the portfolio is 37–39 Granfield Avenue, a fully detached two-family property that has been recently updated with two new boilers (installed April 2024) and a roof estimated at 8–9 years old. Both units are vacant and move-in ready, allowing investors to secure tenants at current market rents. Tenants are responsible for their own electric and gas, keeping owner expenses low and predictable. Once stabilized, this property is projected to deliver a cap rate of approximately 9.1%. With 11 total units, recent capital improvements, and a combined stabilized cap rate projected up to 12.5%, this portfolio presents a compelling opportunity for both new and seasoned investors seeking strong cash flow, long-term value, and ease of management in one of Bridgeport’s most accessible and high-demand corridors. Schedule your private tour today!

ASK ABOUT THIS PROPERTY

Lisa NussbaumTop Tier Realty Group, LLCMore Info
203-521-5339

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Lisa NussbaumTop Tier Realty Group, LLCMore Info
203-521-5339

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.