63 Derby Avenue new Save Request In-Person Tour Request Virtual Tour
Derby,CT 06418
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 5,173 sqft
Price per Sqft $222
MLS Listing ID 24136435
Style Units on different Floors
Bedrooms 13
Full Baths 9
Year Built 1900
Annual Tax Amount $10,049
Lot Size 3,920 Sqft
Property Sub-Type 5 Family+
Property Description
Mixed-use investment opportunity in a high-demand area of Derby, CT. This income-producing property includes 6 residential units and 3 commercial spaces-(4) 2-bedroom/1-bath, (2) 1-bedroom/1-bath apartments, 2 deli/retail spaces, and 1 office-offering a diversified tenant mix with immediate cash flow. Four of the six residential units have been updated within the last year. All tenants are separately metered and cover their own utilities, and heating is provided via a mix of electric baseboard and gas systems, keeping overhead low. There is a clear value-add opportunity with below-market rents in both the residential and commercial units, creating upside through rent adjustments and lease restructuring. Strong visibility and steady local demand further enhance long-term growth potential. Whether you're an experienced investor or expanding your portfolio, this property offers both stability and upside. Schedule your private tour today!
Location
State CT
County New Haven
Zoning P
Interior
Heating Hot Air
Cooling Window Unit
Exterior
Exterior Feature Patio
Parking Features None
Waterfront Description Not Applicable
Roof Type Flat
Building
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Irving
High Schools Derby