63 Derby Avenue

Derby, Connecticut 06418

Status
Sale Pending
Square Feet
5,173
Beds
13
Price
$1,150,000
Type
Multi-Family For Sale
Garages
0
Baths
9
MLS
24136435

Price

$1,150,000

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Interior Details

Interior Size
5,173 Sq Ft
Bedrooms
13
Bathrooms
9
Rooms Total
Garage
0

Exterior Details

Lot Size
0.09 Acres
Roof
Flat
Sewer
Public Sewer Connected
Construction
Construction
Cooling
Window Unit

Other Information

Property Tax
$10,049
Assessed Value
$232,610
Elementary School
Irving
Middle School
NULL
High School
Derby

About Property

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!
Listed by Alpha Capital Realty, LLC, Justin Sudol. Data sourced from SmartMLS

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