Sold

105 Olivia Street, Derby, CT 06418

Beds
7
Baths
5
Sqft
3,402
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byKeller Williams Realty
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Overview

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

Full feature list

Basic info

Number of bedrooms
7
Number of bathrooms
5
Square feet
3,402
Lot size (acres)
0.12
Year built
1885

Interior features

Basement
Yes, Unfinished

Garage and parking

Garage parking spaces
3

Utilities

Heating
Electric, Baseboard
Cooling
Ceiling fan(s)
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount
$7,300

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Smart MLS MLS®#: 24071683 Last checked:

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.