105 Olivia Street, Derby, CT 06418

Pending

$670,000

bedrooms

bathrooms

square feet

3,402

Acreage

0.12

Open Houses

year built

1885

Full Baths

Half Baths

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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!

Location
Subdivision	-
County	New Haven
Elementary School	Per Board of Ed
Middle School	-
High School	Per Board of Ed

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: 24071683

Listing agent: Rafael Monegro

Listing broker: Keller Williams Realty (203) 438-9494

Last update: Tuesday, April 22 2025 at 2:24 p.m. EDT

Kotohomes National