$365,000
$389,000
6.2%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
5 Baths
3,402 SqFt
SOLD DATE : 10/27/2022
Key Details
Sold Price $365,000
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,402 sqft
Price per Sqft $107
MLS Listing ID 170522963
Sold Date 10/27/22
Style Units on different Floors,Units are Side-by-Side
Bedrooms 5
Full Baths 3
Half Baths 2
Year Built 1885
Annual Tax Amount $4,991
Lot Size 5,227 Sqft
Property Description
Rarely-Available CDD-Zoned Investment Property with Impressive Cap Rate! Located in a revitalization-rich area only steps from the Derby Superior Courthouse, this 4-unit downtown property features three rental units and an office space. Two of the 2BR/1BA residential apartments have a large living area, a fully-equipped kitchen, and well-sized bedrooms, while the 1BR/1BA rental includes an eat-in kitchen and a spacious bedroom. As time progresses with the widening of Downtown Derby Main Street, the area will see a spike in fashionable establishments for intergenerational marketing appeal. Posing long-term investment potential, this cashflow opportunity is perfect for the forward-thinking investor. Other details: 2-car garage, street parking, alarm system, updated mechanicals, fire suppression system, storm cellar, steps to dining, Aldi, and shopping, and much more!
Location
State CT
County New Haven
Zoning CDD
Rooms
Basement Full, Crawl Space, Concrete Floor
Interior
Heating Baseboard
Cooling Ceiling Fans, Wall Unit
Exterior
Exterior Feature Balcony, Covered Deck, Lighting, Porch, Porch-Enclosed, Porch-Screened, Sidewalk
Garage Tandem, Detached Garage, Off Street Parking
Garage Spaces 2.0
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Bought with Christopher Reid • eXp Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "