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!
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.
Turnkey, fully renovated two-family home offering the perfect opportunity for both owner-occupants and investors! Thoughtfully updated while maintaining its classic charm, this property features extensive improvements throughout. The first-floor unit offers a beautifully renovated kitchen with quartz countertops and new cabinetry, two bedrooms, updated flooring, new windows, and convenient in-unit laundry. The second-floor unit features an updated kitchen with newer appliances, an updated bathroom, luxury vinyl plank flooring, decorative molding, ceiling fans, and in-unit laundry. A partially finished third floor provides excellent potential for additional living space or future expansion, adding even more value and flexibility. Major improvements include a newer roof, vinyl siding, new windows, new insulation throughout, updated electrical, separate gas utilities, a fully insulated basement, and leased solar panels. Outside, enjoy a private backyard with new patio, drainage improvements, and low-maintenance landscaping. Conveniently located near Griffin Hospital, shopping, restaurants, the Ansonia-Derby Riverwalk, Route 8, and Metro-North, this move-in-ready multifamily is an outstanding opportunity to own a beautifully updated income-producing property.
This cozy two-family home offers a fantastic opportunity for owner-occupants or investors alike! The front unit features its own separate front porch and private driveway entry, leading into a spacious living room filled with natural light. Just beyond the living room is an updated kitchen complete with a cozy cove dining area. This unit also offers an updated full bathroom, a primary bedroom with a walk-in cedar closet, and a generously sized guest bedroom. Rear access from the unit leads to the shared basement space for additional storage and utility access. The back unit features a separate lower driveway with access to a two-car garage. Enter through the side breezeway into an open-concept layout perfect for comfortable living and entertaining. The living room includes sliders leading to a covered back deck, creating a great indoor/outdoor flow. This one-bedroom unit offers a large wraparound walk-in closet and a spacious kitchen with endless potential to make it your own. Conveniently located for commuters with easy access to major routes, shopping, and everyday amenities. Priced with your updates in mind, this home is being sold as is.
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.
