Rare investment opportunity at 50-56 Oak Street, Derby, CT! This unique parcel features two houses sold as-is, ideal for investors seeking high returns. 50 Oak Street boasts a 2-year-old roof, new gutters, new water heater, and some updates to wiring and plumbing. The first floor offers a kitchen, bedroom, and bathroom, while the second floor's living area can easily convert to a third bedroom. With city water, city sewer, and natural gas available in-unit this home is ready for immediate rental income. 56 Oak Street, presents strong potential for a gut renovation, transforming it into a lucrative rental or resale property. The property is connected to city utilities. Investors can generate cash flow from 50 Oak Street while renovating 56 Oak Street for additional income or profit. Located in Derby's growing market, this dual-property package is a strategic investment to diversify your portfolio.
