$360,000
103 Caroline St., Derby, CT 06418
Current Rent **
$1
Projected Rent **
$10,000+
2 Family - Downtown Derby - CDD Zone
This 2-family home, featuring two uniquely designed apartments, provides versatile opportunities. One apartment spans two floors with 3 bedrooms and 2 full bathrooms, while the second apartment offers 2-3 bedrooms with 1 full bath. Positioned between two new developments, this property is not only a smart investment with a projected cap rate of 9.7%. The property is located near the Derby-Shelton train station, Route 34 expansion, and the developments on both sides, including Trolley Point (a 105-unit apartment project) and Cedar Village Minerva Square (a 90-unit apartment complex), which is being built directly across the street from this property.
Location:
103 Caroline St., Derby, CT 06418
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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