163 Main, Deep River, CT 06417

$2,100,000
  • 163 Main, Deep River, CT 06417 Main Photo

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Active
BEDS11 BATHS10 full 2 partial SQUARE FEET8,500 MLS#24170538
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

A mixed-use and multifamily package located in Chester and Deep River, two of the most desirable towns in the Lower Connecticut River Valley. The offering includes: 59 Maple Street (Chester): 7-unit multifamily asset with an additional ~1,500 SF commercial warehouse on 2.5+ acres. 163 Main Street (Deep River): 5-unit mixed-use property positioned at the gateway to the downtown retail corridor. The portfolio is fully occupied and generates approximately $210,000+ in current gross income, with upside to over $280,000 stabilized, driven by residential and commercial rent growth. At stabilization, the portfolio delivers approximately $175,748 NOI and a 8.37% cap rate, supported by a strong 1.58x DSCR. The possibility to develop the 3rd floor of 163 Main Street into additional units can drive returns even higher! This is a rare opportunity to acquire scale across two supply-constrained markets, combining in-place cash flow with clear mark-to-market upside across both residential and commercial components.

163 Main | MLS# 24170538

This multi-family property located at 163 Main, Deep River, CT 06417 is currently listed for sale with an asking price of $2,100,000. Search Deep River real estate on www.coldwellbankerchoice.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Cooling: None
Fuel Type: Oil
Heating: Hot Air
Home Style: Units on different Floors, Units are Side-by-Side
Lot Size: 0.07 Acres
Roof Type: Asphalt Shingle
Taxes: $10,593
Year Built: 1850

Feature Descriptions

Days on Site: 19
Exterior: Aluminum
Lot: Corner Lot
Sewer: Public Sewer Connected
Units: 13
Water: Public Water Connected
Waterfront: Not Applicable

Local Schools

High School: Per Board of Ed
Elementary School: Deep River

Listed By / Shown By

Listing By

Agency Name: VC Property Group, LLC
Agent Name: Connor T. Wenchell

Shown By

Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)

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Estimated Payment

$ 6,168.94 per month $4,673.69 Principal & Interest $882.75 Property Tax $612.50 Homeowner's Insurance

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