Description
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!
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7BEDS
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0.12ACRES
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3BATHS
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21/2 BATHS
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5,151SQFT
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$130$/SQFT
School Information
Description
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!
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