$670,000 ($196.94 per sqft)

Under Contract

Est. Mortgage $3,257/mo *

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105 Olivia Street, Derby , (Downtown), CT, 06418

105 Olivia Street, Derby , (Downtown), CT, 06418
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18 rooms

7 beds

3 Full / 2 Half baths

1885

Other

3,402 sqft

Introducing a rare 4-unit building with a day one, Current Gross Rents $6800/mo yielding 9% cap rate with easy updside to 11%. This property featuring three residential units and one office space, plus two detached garages for additional rental income. Located in the heart of Derby's redevelopment zone, this property benefits from city grants and development incentives and possible 5th unit expansion(Buyers to do their own due diligence), making it an excellent opportunity for investors and developers alike. Surrounded by new luxury buildings, restaurants, and retail spaces, this property is positioned in an area experiencing significant growth. With a strong rental history, this downtown location offers high visibility and easy access to major highways, public transportation, and local amenities. Whether you're looking for a high-yield investment or a chance to be part of Derby's revitalization, this property features strong income potential today with even greater upside in the future. Don't miss this opportunity!

Status:

Under Contract

Town:

Derby

Type:

Multi-family

Laundry Remarks:

None

Units:

4

Zoning:

CDD

Garage:

3-car Detached Garage, Off Street Parking

Heating:

Baseboard

Cooling:

Ceiling Fans

Basement:

Full, Unfinished

Parking:

3-car

Acreage:

0.12

Est. Taxes:

$7,300

Assessment

$168,980

Lot Description:

City Views,Level Lot

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

17

MLS #:

24071683

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Rafael Monegro, Keller Williams Realty Email: rafaelmonegro.realtor@gmail.com