509-511 Roosevelt Drive

Property Description

DERBY MULTIFAMILY INVESTMENT OPPORTUNITY - TWO UNITS, SIX BEDROOMS, IMMEDIATE FLEXIBILITY! Investors, owner-occupants, and portfolio builders-this is the opportunity you've been waiting for! 509-511 Roosevelt Drive is a substantial side-by-side two-family property offering an exceptional combination of scale, flexibility, and income-producing potential in Derby. Built in 1985 and positioned on a 0.23-acre corner lot, this property delivers approximately 2,592 square feet above grade with 12 total rooms across two separate units. Each unit offers 3 bedrooms, creating an attractive six-bedroom multifamily configuration. The roof was recently replaced in 2022. Unit 509 features recently remodeled 2 full bathrooms with 1st flr bathroom having a jacuzzi tub and also connections for an additional half bath in the unfinished basement, hardwood floors, fireplace and a connection for a pellet stove in the unfinished basement and a recently updated back deck. Unit 511 features recently remodeled kitchen with hardwood floors, remodeled 1 full and 1 half bathrooms, semi-finished basement, newer Anderson windows, back door and screen door with transferrable warranties and a powered retractable awning over the updated back deck. Click on icon below main image for 3D virtual tour, floor plans and drone ariel view. Both units are currently vacant, giving the next owner maximum flexibility to establish their own occupancy and rental strategy from day one. Live in one side and potentially offset your housing costs with the other, place both units into service, or capitalize on the property's strong multifamily configuration as you build your investment portfolio. The property offers a solid collection of features including central air, oil hot-air heating, fireplace, private paved driveway, four parking spaces, vinyl siding, asphalt-shingle roof, decks, gutters, garden area, and washer/dryer hookups for both units. The substantial basement provides additional finished and unfinished space for storage, recreation, hobbies, or other permitted uses. The corner-lot setting, generous parking, six-bedroom layout, dual-unit configuration, and vacancy make this property particularly compelling for buyers looking for flexibility and the ability to execute their own investment strategy. Conveniently located near parks, schools, medical facilities, public transportation, shopping, dining, and other area amenities, 509-511 Roosevelt Drive offers the fundamentals investors look for: two units, substantial living space, strong bedroom count, parking, and the opportunity to immediately put your plan into action. THE BOTTOM LINE: This isn't simply a two-family home-it's an opportunity to acquire a sizable multifamily property and determine its next chapter. Bring your investment strategy, your vision, and your numbers. Opportunities with this combination of flexibility and scale deserve a closer look. Schedule your private tour today and see the potential firsthand. Update: 1st Floor and remaining basement items along with concrete pole in driveway will be removed by 9/27.