105 Olivia Street Under Contract Save Request In-Person Tour Request Virtual Tour
Derby,CT 06418
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,402 sqft
Price per Sqft $196
MLS Listing ID 24071683
Style Other
Bedrooms 7
Full Baths 3
Half Baths 2
Year Built 1885
Annual Tax Amount $7,300
Lot Size 5,227 Sqft
Property Sub-Type 4 Family
Property Description
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!
Location
State CT
County New Haven
Zoning CDD
Interior
Heating Baseboard
Cooling Ceiling Fans
Exterior
Parking Features Detached Garage,Off Street Parking
Garage Spaces 3.0
Waterfront Description Not Applicable
Roof Type Asphalt Shingle,Flat
Building
Lot Description City Views,Level Lot
Foundation Concrete,Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed