multifamily
21-23 Derby Avenue
Derby, Connecticut 6418
Price
$250,000
Price/SF
$41.47/SF
Building Size
6,029 SF
Lot Size
0.06 acres
Year Built
1879
Units
4
Property Description
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.
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Additional Details
Zoning
B-2
MLS Number
24199551
Property ID
8096b326-71a4-4364-b612-7c669739f4b8
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MLS Information
MLS#: 24199551
Listed by: Century 21 Scala Group
Agent: Carolyn Colon-Ortega • (203) 218-0702 • cortega.century21@gmail.com
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