Derby, CT 06418,105 Olivia Street

$365,000

$389,000

6.2%
Est.Price: ?

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Est. payment /mo

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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Listed by Christopher Reid • eXp Realty
Bought with Christopher Reid • eXp Realty
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