Value-add opportunity just off Route 34 in Derby. This two-family home offers 2,312 sq ft of living space with four bedrooms and two full baths in total, plus a covered front porch. The first-floor unit is vacant, giving an owner-occupant or investor the chance to start renovations right away, while the second-floor unit is currently tenant-occupied. The home is ready for updates throughout and is priced accordingly, making it a strong candidate for a renovation plan aimed at increasing rental income and long-term value. City water, city sewer and natural gas provide a solid foundation for future improvements. Close to Route 8 with convenient access to New Haven and Fairfield, plus nearby shopping, dining and commuter routes. Live in one unit and rent the other, or renovate both and hold as an investment. Bring your vision to this Derby two-family. Second-floor unit is tenant-occupied; please do not disturb the tenant. Showings by appointment only. Buyer and buyer's agent to verify all information.
Welcome to 321 Olivia Street! This spacious two-family property offers an excellent opportunity for investors or owner-occupants looking for additional rental income. Featuring two spacious units, a total of 4 bedrooms and 2 full bathrooms, this multifamily home offers comfortable layouts with plenty of living space. The attic provides additional bonus space that has been adapted for use as a living area, offering extra flexibility. Conveniently located just minutes from Route 8, with easy access to shopping and restaurants along Pershing Drive and New Haven Avenue. Enjoy nearby parks, schools, public transportation, medical facilities, and all that the Derby area has to offer. The property also provides convenient access to neighboring Shelton, Ansonia, and surrounding towns. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the other, 321 Olivia Street is a great opportunity. Schedule your private showing today!
2 Family in downtown Derby has upgraded electric, plumbing. Separate utilities. 1st floor gas furnace 3 yrs. Side and rear yard and is convenient to shops and restaurants. 2nd floor needs updating. Live in or Nice investment opportunity.
Opportunity awaits with this two-family property in Derby, CT. This duplex is in need of renovation and updating, making it an excellent option for an investor, contractor, or buyer looking to build equity. With two separate units and solid value-add potential, the property offers multiple exit strategies-renovate and hold for rental income, house hack, or reposition and resell. Bring your vision and take advantage of the upside this property has to offer. Property is being sold as-is. Cash or renovation financing preferred.
Four-Family Investment Opportunity. Great for investors, contractors, or buyers looking for a property with strong potential! This 4-family property offers an excellent opportunity to own a multi-unit investment property with the potential to generate rental income and build long term value. With the right vision and improvements, this property can be transformed into a highly desirable income-producing asset. This property is being offered SOLD AS-IS, providing the new owner with the flexibility to renovate, update, and improve the property according to their own plans and investment strategy. Whether you're an experienced real-estate investor or looking for a property with room to create value, this four family presents a great opportunity to purchase, improve, and maximize its potential. Additional highlights: 2 new roofs, newer windows 2 new and 2 newer hot water tanks. Visit Derby which offers convenience to public transportation, train station, shopping, restaurants, and much more. Bring your vision and take advantage of this opportunity! AGENT/OWNER
Great opportunity for investors, developers, and owner-users! This mixed-use property offers three residential units plus a commercial storefront, providing excellent potential for multiple income streams once renovated. The property has experienced fire damage and requires significant rehabilitation, making it ideal for an experienced investor looking to restore and reposition the building. The existing layout offers the potential to create a combination of residential rental income and commercial space in a highly visible location. With the right vision and renovation, this property could be transformed into a valuable income-producing asset. This property is also being sold with 25 Derby Ave which is the parking lot attached to the property. Seller is selling this "as is" and there is no access inside. This property needs to be torn down and there might be possibility to save the store front but you need town's approval. Buyers should perform their own diligence regarding the building's condition, zoning, permits, utilities, and required repairs.
Three family building in Derby with long term tenants in place. All tenants are month to month
Derby is located in Connecticut. Derby, Connecticut has a population of 12,387. Derby is less family-centric than the surrounding county with 15.35% of the households containing married families with children. The county average for households married with children is 26.84%.
The median household income in Derby, Connecticut is $64,494. The median household income for the surrounding county is $75,043 compared to the national median of $69,021. The median age of people living in Derby is 46.8 years.
The average high temperature in July is 83.3 degrees, with an average low temperature in January of 20.4 degrees. The average rainfall is approximately 50 inches per year, with 33.6 inches of snow per year.
