Pending
Under Contract
105 Olivia Street
Derby CT, 06418
$670,000
$196.94 per sqft
Pending
Under Contract
7 Beds
5 Baths
3,402 sqft
Multi-family
Built in 1885
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!
24071683
MLSⓇ ID
February 3, 2025
Listed
February 20, 2025
Updated
Interior Features
Bedrooms
7
Total Bathrooms
5
Full Bathrooms
3
Half Bathrooms
2
Appliances
Electric Water Heater, Gas Water Heater
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s)
Heating
Yes
Heating Description
Electric, Baseboard
Exterior/Building Features
Lot Size
0.12 Acres
Lot Features
Level
Architectural Style
Other
Roof
Asphalt
Sewer
Public Sewer
School Information
High School
Per Board of Ed
Elementary School
Per Board of Ed
Other Property Details
Area Name
Downtown
Taxes
$7,300
Tax Frequency
Annually
Days on Market
17
Garage
Yes
Garage Spaces
3
Parking
Off Street
Parking Total
3
View
Yes
View Description
City
County
New Haven
Water Source
Public
Pool
No
Zoning
CDD
Listing History
Date | Event | Price |
|---|---|---|
2/20/2025 | Pending | — |
Listed by Rafael Monegro with Keller Williams Realty 2033217057
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Data last updated on 2/20/2025 at 2:47 PM UTC