Mixed-use investment property with 6 residential units and 3 commercial spaces, producing immediate cash flow. Residential mix includes (4) 2BR/1BA and (2) 1BR/1BA units, plus 2 deli spaces and an office. Tenants pay their own utilities. Offered with upside through rental adjustments and lease restructuring.
Investment Highlights:
Immediate in-place income from diversified tenant base
Strong mix of residential and commercial rentals
Upside through targeted rent increases and lease restructuring
Centrally located in Derby with steady demand and visibility
Utilities & Systems
All tenants pay their own utilities
Combination of electric baseboard and gas heat
Residential Units: 6 Total
(4) 2-Bed / 1-Bath: $1,850 | $1,200 | $1,750 | $1,600
(2) 1-Bed / 1-Bath: $950 | $700
Commercial Units: 3 Total
(2) Units leased to a single deli tenant: $1,000/month (M-M)
(1) Office Unit: $650/month (M-M)
Proforma Financial Snapshot:
Residential Income (Proforma):
(4) 2-Bed / 1-Bath @ $1,750 = $7,000/month | $84,000/year
(2) 1-Bed / 1-Bath @ $1,450 = $2,900/month | $34,800/year
Total Residential (Proforma): $9,900/month | $118,800/year
Commercial Income (Proforma):
(3) Storefronts @ $850 each = $2,550/month | $30,600/year
Total Proforma Gross Income:
Monthly: $12,450
Annual: $149,400