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63 Derby Ave
Derby, CT 06418
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Diversified income stream: Mixed-use asset with 6 apartments + 3 storefronts (two deli bays + one office) spreads risk across nine rent sources.
- Tenant-paid utilities: Residents and commercial tenants cover their own utilities (mix of electric baseboard and gas heat), keeping owner OpEx low.
- Activated street level: Existing deli use and office tenancy provide steady occupancy and everyday neighborhood traffic.
- Clear rent growth levers: Path to market via modest increases on the 1BRs and select 2BRs, plus converting month-to-month commercial to term leases.
- Flexible business plan: Options to re-tenant, reconfigure commercial lease terms, and standardize finishes to push rents and NOI.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Basement
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,600 | 700 - 850 |
| 1+1 | 2 | $1,200 | 560 - 700 |
Property Taxes
| Parcel Number | DERB-000007-000006-000024 | Improvements Assessment | $144,400 |
| Land Assessment | $88,210 | Total Assessment | $232,610 |
Property Taxes
Parcel Number
DERB-000007-000006-000024
Land Assessment
$88,210
Improvements Assessment
$144,400
Total Assessment
$232,610
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