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Archived over 1 year ago

$360,000

5+ bd 3 ba 2438 sqft

103 Caroline St., Derby, CT 06418

Residential SFR

Current Rent **

$1

Projected Rent **

$10,000+

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

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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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** 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.