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listing
1 of 13
MultifamilyFor Sale
$400,000
105 Olivia Street
Derby, CT 06418
Courtesy of eXp Realty
MLS: SmartMLS
5Beds
3Full2Half Baths
3,402Sq Ft
Est. Mortgage
$2,165/mo

8% Cap Rate Day 1 With 10.6% Cap Projections! Versatile Investment Property in Derby! Centrally located in the downtown area, this 4 unit property offers investors the opportunity to expand a growing portfolio with three apartments and one retail office space. Situated next to the Derby Superior Courthouse, the office space is ideally suited for attorneys, real estate firms, or an array of other professionals. The office space may be subdivided into two separate spaces, each containing a private entry and a dedicated restroom. Two of the 2BR/1BA apartments offer tenants an abundantly comfortable living experience with a sizeable living room, tons of natural light, generously sized bedrooms, and a fully equipped kitchen featuring ample cabinetry, while one 1BR/1BA unit provides lovely accommodations with an eat-in kitchen, a full bath, and a large bedroom. Currently nestled on a 0.12-acre lot in CCD Zoning, the property is in a prime location which is benefiting from carefully planned revitalization. With plans to widen Downtown Derby Main Street and to encourage trendy retail establishments, this multiunit property is an excellent investment for present-day cashflow and future possibilities. 2-car garage w/extra parking, street parking, partial brick exterior, updated mechanicals, fire suppression system, alarm system, storm cellar, only steps from shopping, dining, Griffin Hospital, Aldi, and schools, and more!

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Information courtesy of eXp Realty is subject to verification and is not guaranteed. Listing Data Last Updated 01/18/2022 01:29 PM
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