63 Derby Avenue

Mixed-use investment opportunity in a high-demand area of Derby, CT. This income-producing property includes 6 residential units and 2 commercial spaces-(4) 2-bedroom/1-bath, (2) 1-bedroom/1-bath apartments, 2 deli/retail spaces, and 1 office-offering a diversified tenant mix with immediate cash flow. Four of the six residential units have been updated within the last year. All tenants are separately metered and cover their own utilities, and heating is provided via a mix of electric baseboard and gas systems, keeping overhead low. There is a clear value-add opportunity with below-market rents in both the residential and commercial units, creating upside through rent adjustments and lease restructuring. Strong visibility and steady local demand further enhance long-term growth potential. Whether you're an experienced investor or expanding your portfolio, this property offers both stability and upside. Schedule your private tour today!

12
beds

8
baths

5,173 Sq.Ft. LIVING AREA

3,920.4 Sq.Ft. lot

REALTOR®

Entrusting me as your real estate agent promises a seamless and rewarding journey towards achieving your property goals. My extensive experience in the industry equips me with a deep understanding of market dynamics, allowing me to navigate complexities with precision and insight.

Choosing me means gaining a dedicated advocate committed to your success. I prioritize your needs, preferences, and aspirations, ensuring a personalized approach tailored to your unique circumstances. From our initial consultation to the closing table, I am by your side every step of the way, offering guidance, support, and expertise.

My proactive communication ensures you are always informed and empowered to make informed decisions. Whether buying, selling, or investing, I leverage my negotiation skills to secure optimal outcomes on your behalf, maximizing value and minimizing stress.

Beyond transactions, I forge lasting relationships built on trust, integrity, and exceptional service. Your satisfaction is my top priority, and I go above and beyond to exceed your expectations, earning your trust and confidence for future real estate endeavors.

In essence, choosing me as your real estate agent means partnering with a knowledgeable professional who is deeply invested in your success. Let's embark on this journey together and turn your real estate dreams into reality.

PHONE

(860) 402-7217

[email protected]

LICENSE NUMBER

RES0820410

ADDRESS

2 Corporate Dr Ste. 760, Shelton, CT 06484

Features & Amenities

Interior

total bedrooms12
Total bathrooms8
full bathrooms8
APPLIANCES Electric Water Heater

Area & Lot

Status Sold
Living Area5,173 Sq.Ft.
Total Area5,173 Sq.Ft.
Lot Area3,920.4 Sq.Ft.
MLS® ID24136435
TypeMulti-Family
YEAR BUILT1900
Architecture StylesUnits on different Floors
Elementary SchoolIrving
High SchoolDerby

Exterior

water SourcePublic
HEAT TYPEElectric, Natural Gas, Forced Air
AIR CONDITIONINGWindow Unit(s)
sewerPublic Sewer
SubstructureConcrete Perimeter

Financial

Sales Price$990,000
Real Estate Tax $10,049/yr
Zoning P

Work With Michael

Whether you're starting out or starting over I am the clear choice for a smooth successful real estate transaction. Representing Connecticut homeowners and future homeowners, my goal is to provide the highest level of customer service possible for each of my clients.

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