5 Prospect Street, Derby, Connecticut 06418

$409,000
7
BD
4
BA
3,520
SqFt
List Price
$409,000
Status
COMING SOON
MLS#
170536902
Year Built
1854
Style
Units on different Floors, Units are Side-by-Side
Bedrooms
7
Bathrooms
4
Acres
0.18
Living Area
3,520
Neighborhood
N/A

Property Description

This 3-family home has everything you are looking for, ideal for investors or owner occupancy. On a large corner lot with a 2 car detached garage with plenty of parking on the premises. Well maintained and recently updated with new mechanics and a new roof. This multi-family home is ready for new owners. Unit 5, spacious unit 2,219 sq. ft. with 3 floors of living space. This unit has been gutted to the studs and is currently framed. This unit needs to be finished to make it move-in ready. Potential for 4 bedrooms and 2 bathrooms. The unit has to be finished, being sold as is. Unit 5A is rented and was updated in 2020. New gas furnace, washer, and dryer in the unit. 1 bedroom, 1 bath. 430 sq. ft. Unit 7 has been recently updated for modern-day living, currently fully rented with 872 sq. ft. with 2 bedrooms and 1 bath. Washer and dryer in the unit. 2 car garage with the attic is 5,388 sq ft., plenty of opportunity for additional rental income from the garage space. A large lot has been dedicated to parking, along with plenty of on-street parking. A large courtyard provides plenty of outdoor living space for all the units. This is a rare opportunity to own an income-generating multi-family with endless potential for expansion and additional rental income from the garage space and unfinished unit. Close to Rt. 34 and Rt 8. Don't miss out on this well-maintained multi-family home.

Additional Information

Taxes
$5,055
Lot Size
7,840
Waterfront Desc
Not Applicable
Heating
Gas on Gas, Zoned
Fuel Type
Natural Gas
Cooling System Type
None
Sewer
Public Sewer Connected
Water Source
Public Water Connected
Basement
Crawl Space
Exterior
Vinyl Siding
Exterior Features
Garden Area, Patio, Porch, Porch-Enclosed, Sidewalk
Garage Spaces
2
Parking Spaces
4
Elementary School
Per Board Of Ed
High School
Per Board Of Ed

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Sandra Ramalhete from Real Estate Two

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